Oireachtas Joint and Select Committees

Wednesday, 8 March 2023

Committee on Budgetary Oversight

Report of the Commission on Taxation and Welfare: Discussion (Resumed)

Mr. Eugene Drennan:

As the Deputy was so to the point and brief, I will be brief. I will bring to his attention two things that are relevant.

I refer back to the figure we gave earlier, that only 24,000 vehicles are doing 87% of the lifting. That is the supply chain, the basis of cost of goods here and a multiplier of inflation. If we were to tax that in, it multiplies up along. It is very necessary for us to be carbon neutral or to get to the carbon plan as best we can but not to be taxed out of it. What we are being taxed for is not there, so that would be very unfair.

My colleague, Mr. Jackman, will tell the Deputy about two issues. One is the size of the batteries that would be needed and imagining having them on a ferry. The other is that there are two incorrect, or not quite right, proposals in the document. As was said, here is the basis on which we start off on the planning and setting whatever we are going forward with, and it should be right. I will ask Mr. Jackman to comment.