Oireachtas Joint and Select Committees

Thursday, 24 March 2022

Public Accounts Committee

Sustainable Energy Authority of Ireland: Financial Statements 2020

9:30 am

Mr. William Walsh:

I wish to add a final comment. A grant is an incentivisation to address a market failure. The Department of Transport makes policy in the area of supports and subventions for electric vehicles We have demonstrated through the recent policy adjustments we can be agile when we see market interventions that are required, such as the €60,000 cap that was put in or the PHEVs dropping from the scheme. When we see these measures, they can be responded to in a flexible and agile way. That is important in terms of ensuring that Exchequer funding goes to support market failure and to incentivise technology that we want.

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