Written answers
Tuesday, 11 July 2017
Department of Communications, Energy and Natural Resources
Electric Vehicle Grants
Brian Stanley (Laois, Sinn Fein)
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654. To ask the Minister for Communications, Energy and Natural Resources the cost to increase the grant for electric vehicles in each of the band amounts by €1,000, €2,000 and €3,000, in tabular form. [32991/17]
Denis Naughten (Roscommon-Galway, Independent)
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I refer the Deputy to the reply to Question No. 497 of 4 July 2017.
That reply stated that 638 Electric Vehicles (EVs) were supported under the EV Grant Scheme in 2016. On that basis, it is estimated that increasing each grant by €1,000 per vehicle, for the same number of vehicles, would cost an extra €638,000 while increasing each grant by €2,000 would cost an additional €1.276 million. Increasing each grant by €3,000 would add an estimated €1.914 million to the total spend under the scheme.
Since the beginning of 2017, almost €2.2 million has been spent to support the purchase of 456 new electric vehicles, and my Department expects a similar number of EVs to be grant aided for the remainder of this year. Therefore, using an estimate of 900 EVs supported for the full year at a cost of 4.3 million, the three scenarios would add €0.9 million, €1.8 million and €2.7 million, respectively to the cost of the scheme.
The projected cost of the three scenarios outlined in 2016 and 2017 are set out in the following table.
Year | No. of EVs supported | Amount in Grant Aid paid | Estimated total cost of €1000 extra grant aid per EV | Estimated total cost of €2000 extra grant aid per EV | Estimated total cost of €3000 extra grant aid per EV |
---|---|---|---|---|---|
2016 | 638 (actual) | €3,038,800 (actual) | €3,676,800 | €4,314,800 | €4,952,800 |
2017 | 900 (projected) | €4,300,000 (projected) | €5,200,000 | €6,100,000 | €7,000,000 |
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