A guide to electric vehicle grants and incentives
To encourage motorists to make the switch to electric, the Government has a range of incentives and grants in place.
Electric vehicles (EVs) play a key role in Ireland’s Climate Action Plan, as they aid with the decarbonisation of our transport sector and help to eliminate harmful emissions.
There’s a target in Ireland to have 945,000 EVs on the road by 2030, with 845,000 of these to be private passenger cars.
To achieve this ambitious goal, there are now a number of grants and incentives in place to reduce the initial financial impact of purchasing an EV. And there’s also the prospect of getting cheaper car insurance.
Want to know more? Keep reading!
Electric vehicle grants
Privately bought EVs
If you purchase a new battery electric vehicle (BEV), you’ll be eligible for a grant from the Sustainable Energy Authority of Ireland (SEAI) to help offset the financial burden.
- A maximum grant of €5,000 is available for vehicles that qualify for the grant.
- Only BEVs with a value of between €14,000 and €60,000 are eligible for the grant.
- As of January 2022, there’s no grant for plug-in hybrid electric vehicles (PHEV).
The grant amount will depend on the list price of the vehicle, which is the full non-discounted price, in the absence of VRT relief or grant support.
Here’s a list of what grant amount you can expect to receive.
List price of approved BEV
BEV grant amount
€14,000 to €15,000
€15,000 to €16,000
€16,000 to €17,000
€17,000 to €18,000
€18,000 to €19,000
€19,000 to €20,000
€20,000 to €60,000
Commercially bought EVs
There’s also a grant available for EVs purchased for business use.
This grant is only available to 'N1' category vehicles, which includes small goods vans and cars with a maximum mass of 3,500kg.
When purchased commercially, a maximum grant of €3,800 is available and the vehicle must be worth between €14,000 and €60,000.
How can I apply for these grants?
Those who wish to buy a BEV, either privately or for commercial use, can apply when purchasing the EV from a dealer.
The dealer will apply for the grant for you, and it will be deducted from the total price agreed.
Home charging grants
Through the SEAI, the Government offers a funded support scheme assisting residents and homeowners with installing an EV charge point at their property.
There are grants of up to €600 available to assist with the cost of installing a home charger for new and second-hand BEVs and PHEVs.
In order to qualify, there are certain criteria you must meet.
- You must be the private owner of the EV: The new or used EV must have been bought from 01/01/2018 onwards.
- It must be your first EV: If you are upgrading or buying your second EV then you are not eligible for this grant.
- You must have off-street parking: This grant will only cover off-street installation on private or rented properties (once you have permission from the landlord).
To receive payment, you must produce ownership evidence of your EV. However, you can also apply for and install your charger ahead of receiving the vehicle.
Not only will these grant units cover the bulk of your wallbox cost, but they will also help lower the cost of charging your EV.
How can I apply for a home charging grant?
There are a few steps involved in applying for a home charging grant:
1. Complete the online application
Fill out the Electric Vehicle Home Charger grant application form online on the SEAI website.
You’ll need your Meter Point Reference Number (MPRN) and your Eircode at hand.
If you’re buying a new EV, you’ll need to provide your application ID, which is available from your car dealer.
2. Letter of Offer
When your application has been approved, you will receive a ‘Letter of Offer’ via email, along with terms and conditions, and a payment request form link.
You’ll also receive an email containing the Installation Details Form, which will need to be completed by your electrician and sent to your chosen installer.
3. Complete your installation
From the date you receive your offer letter, you have 6 months to complete the installation of your at-home charge point.
4. Complete the Installation Details Form
Once the installation is done your electrician should complete the Installation Details Form and you should complete the Payment Request Form.
5. Submit your Payment Request Form
This form can be found in the offer letter email.
You’ll need to include various documents, such as your Vehicle Registration Certificate, and photographs of the installed charge point and the EV.
You can view a more detailed outline of the application process on the SEAI website here.
Apartment charging grant
There is now a proposed EV charging grant for those who live in apartments.
While not much is known about the Apartment Charging Grant as of yet and plans are yet to come to fruition, the SEAI aims to launch this grant in 2022.
There is Vehicle Registration Tax relief on certain types of EVs up to a maximum amount of €5,000.
Until December 2020, it was possible to receive VRT relief on hybrid and plug-in hybrid vehicles.
However, now VRT relief is only available on EVs or motorcycles that are powered only by an electric motor and have been registered before 31 December 2023.
Relief will vary depending on the Open Market Selling Price (OMSP) of the EV:
- Vehicles with an OMSP of up to €40,000 will be granted relief of up to €5,000.
- Vehicles with an OMSP of greater than €40,000, but less than €50,000 will receive a reduced level of relief.
- There is no VRT relief for any electric vehicles above €50,000.
The reliefs outlined are applied automatically by Revenue when the vehicle is registered at a Centre or on ROS.
The Low Emissions Vehicle Toll Incentive (LEVTI) is an expansion of the previous Electric Vehicle Toll Incentive Scheme that commenced in June 2018.
The LEVTI is set to run until December 31st, 2022.
It offers toll discounts of 50% for BEVs and 25% for plug-in hybrid electric vehicles. A higher incentive rate of 75% and 50% applies for BEVs and PHEVs respectively for off-peak travel on the M50.
Vehicle toll refunds can be availed of on toll transactions that take place after the vehicle has been accepted and registered into the scheme, and after the commencement date.
To avail of discounted toll rates, your EV needs to be registered with participating scheme tag providers, and you must have an electronic toll tag. The toll tags are available from scheme tag providers.
There is a cap of €500 per year for private vehicles, and €1,000 for commercial vehicles.
Low motor tax band
BEVs qualify for the lowest tax band of motor tax at €120 per annum, while PHEVs are typically taxed at around €170 per annum.
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Discover more about electric vehicles
If you found this guide helpful, make sure you take a look at our other articles on EVs:
- Here are 10 things to consider when purchasing an electric vehicle.
- Uncover the answers to all your EV questions in our guide on common electric vehicle questions answered
- Read our guide on everything you need to know about charging an electric vehicle