Oireachtas Joint and Select Committees

Tuesday, 15 October 2019

Joint Oireachtas Committee on Communications, Climate Action and Environment

Gas Networks Ireland's Vision 2050: Discussion

Mr. Denis O'Sullivan:

Absolutely. However, we have to factor in that the truck owner or haulage company has to come up with the initial capital investment to buy a new vehicle. There is a new vehicle requirement; it is not just the €15,000. It is moving from whatever value is on the current vehicle to the cost of the new vehicle. That can be a hindrance to enter the market and that is where we believe some supports are needed. I should acknowledge that there is one mechanism in place, namely, excise duty. The excise duty on CNG is much lower than diesel. That was introduced in the budget two years ago and runs for a period of eight years. Other than that, there is no incentive for people to move.