The value of electric vehicle grants

Privately bought EVs

A maximum grant of €5,000 is available from the Sustainable Energy Authority of Irealnd (SEAI) for qualifying electric vehicles when purchased privately.

Approved EVs with a List Price of less than €14,000 will not receive a grant.

The grant level applies to Battery Electric Vehicles (BEV) and Plugin Hybrid Electric Vehicles (PHEV). It depends on the list price of the vehicle.

This is the full non-discounted price in the absence of VRT relief or grant support:

List Price of Approved EV Grant

€14,000 to €15,000 €2,000

€15,000 to €16,000 €2,500

€16,000 to €17,000 €3,000

€17,000 to €18,000 €3,500

€18,000 to €19,000 €4,000

€19,000 to €20,000 €4,500

Greater than €20,000 €5,000

Commercially bought EVs

This relates to purchases made by a commercial or public entity.

It includes purchases of only category N1 vehicles. A maximum grant of €3,800 is available for qualifying EVs when purchased commercially. Approved EVs with a list price of less than €14,000 will not receive a grant.

The grant level depends on the list price of the vehicle. This is the full non-discounted price in the absence of VRT relief or grant support:

List Price of Approved EV Grant

€14,000 to €15,000 €2,000

€15,000 to €16,000 €2,500

€16,000 to €17,000 €3,000

€17,000 to €18,000 €3,500

Greater than €18,000 €3,800

Accelerated Capital Allowance

Electric Vehicles and electric vehicle charging equipment may qualify for Accelerated Capital Allowances (ACA). The scheme allows a sole trader, farmer or company that pays corporation tax to deduct the full cost of the equipment from their profits in the year of purchase. Note: EV Scheme grants are classed as de minimis state aid and are subject to the 3 year €200,000 ceiling.

See www.seai.ie/grants/electric-vehicle-grants