Oireachtas Joint and Select Committees

Thursday, 24 March 2022

Public Accounts Committee

Sustainable Energy Authority of Ireland: Financial Statements 2020

9:30 am

Mr. Declan Meally:

No. What we are monitoring and seeing is open market in relation to the prices. It has certainly not been impacted through the grant. That is being monitored. Again, it is cross-European in terms of what they can attract for the cars and car stock and what they can sell. It is working. Obviously, that market is being watched by the Society of the Irish Motor Industry to keep an eye on the pricing that is in place.

From the grant point of view, we look at the base metal price of the cars that are coming in and see how they compare across Europe to ensure it is quite even and adequate and that there is not anything going on like the Deputy suggested in terms of gouging. It is an open market. Electric vehicles are more expensive but we are seeing the prices coming down all the time in relation to the benefits. More and more stock is coming in as well.

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