Written answers
Thursday, 3 October 2019
Department of Finance
Electric Vehicle Grants
Michael McGrath (Cork South Central, Fianna Fail)
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58. To ask the Minister for Finance the estimated full year cost of a 100% tax rebate or grant for the purchase of e-bikes (details supplied); and if he will make a statement on the matter. [40302/19]
Paschal Donohoe (Dublin Central, Fine Gael)
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Revenue estimate that expenditure on bicycles is approximately €62 million per annum including VAT. A breakdown between manual and electric is not available. Therefore the full year cost of grants covering all bicycles would be approximately €62 million. At the current rate of VAT at 23%, this would mean a grant equivalent to a 100% VAT rebate would cost approximately €11.7 million. Neither figure factors-in changes to purchasing patterns.
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