Oireachtas Joint and Select Committees
Thursday, 9 March 2023
Public Accounts Committee
2021 Financial Statements of the Sustainable Energy Authority of Ireland: Discussion
9:30 am
Dr. Aoife O'Grady:
We can now because some lower priced cars are coming onto the market. We are looking at a grant review at the moment. One of the challenges we have is that last year was the first year in the history of EVs that EV prices increased, on average. A lot of EVs that were on sale in 2021 and 2022 for perhaps €40,000 increased last year and went above €50,000. We are now beginning to see some lower cost EVs coming to the Irish market, mainly from Far East and Asian manufacturers. Once we have enough of a supply in from there then that is the time to start to reduce the threshold.