Oireachtas Joint and Select Committees

Wednesday, 12 July 2023

Committee on Budgetary Oversight

Summer Economic Statement 2023: Discussion

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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The immediate decision I have to make in the context of the budget is regarding the VRT relief of up to €5,000 for the purchase of certain EVs below a particular threshold. The Minister, Deputy Eamon Ryan, has reduced the grant support that is available. I will have to consider the matter. As we seek to encourage and support people in that transition, we have significant targets to meet. We must take that on board when we make the decision. The relief is due to expire in law and I have a decision to make. If I wish to extend it, I must provide resources as part of the tax package in order to continue the support.