Written answers
Tuesday, 2 May 2017
Department of Finance
Vehicle Registration Data
Timmy Dooley (Clare, Fianna Fail)
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218. To ask the Minister for Finance the cost of extending the vehicle registration tax rebate for electric vehicles until 2018 and 2020 respectively. [19140/17]
Timmy Dooley (Clare, Fianna Fail)
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219. To ask the Minister for Finance the cost of extending a €2,500 vehicle registration tax rebate for hybrid vehicles until 2018 and 2020 respectively. [19141/17]
Michael Noonan (Limerick City, Fine Gael)
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I propose to take Questions Nos. 218 and 219 together.
I am informed by Revenue that the cost of the Vehicle Registration Tax (VRT) rebate for electric vehicles in 2016 was €3 million. Finance Act 2016 extended this relief to end 2021, at an estimated cost of €3 million per annum assuming no change in registration numbers.
I am further informed by Revenue that the cost of the VRT rebate for hybrid vehicles in 2016 was €6 million. Finance Act 2016 extended this relief to end 2018, at an estimated cost of €6 million per annum assuming no change in registration numbers.
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