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:

To €60,000. It had been unlimited. We brought in a cap of €60,000. That was based on a market analysis of the vehicles that were available, the quantum that was coming into the country and the supports that might be needed to incentivise the purchase of EVs. What we need to do is get EVs on the road. They are more expensive than a typical internal combustion engine, ICE. If we look at the difference between a Volkswagen Golf and an ID3, there is a €7,000 to €9,000 difference between them, and even with the grant, it only goes down to about €7,000. If we do not incentivise those vehicles, people will purchase the ICE equivalent and they will not buy electric. If they do that, we cannot meet our climate action targets.