Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

This section deals with the publication of information by the Central of Bank as directed by the Minister. Is it envisaged that this will be annual occurrence? What is the intention behind this? This is enabling amendment to the existing legislation, but what is the intention behind it? Is it that there will be an annual report? I ask the Minister of State that while they may include statistics on where we are with personal contract plans, PCPs, and other relevant information, that the Central Bank should be asked to look at this market in the context of transition to electric vehicles as well. As the Minister of State will know, there is a bill of payment that customers have to pay at the end. If the value of the car drops because the market is not there, there could be concerns for providers and individuals who have availed of these contracts. It is important that we have some analysis on it, given that this market is absolutely huge and is likely to continue to grow. That needs to be looked at, particularly in view of where we need to go in terms of moving away from fossil fuels.