Oireachtas Joint and Select Committees

Wednesday, 23 March 2022

Joint Oireachtas Committee on Transport, Tourism and Sport

Fuel Prices: Discussion

Mr. Eugene Drennan:

If this is brought in right, we could have a permanent revolution going towards modern technology all of the time, because we will keep coming up to modern technology if we are sustainable and viable. The coach operators are in bad and dire straits on fixed contracts. We are on a 2% to 6% profit margin. The modernisation of the engine technologies for the greening has put €55,000 onto each vehicle for us to date, and it is going up by €15,000 next year.

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