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Off the pace: Irish EV sales lag 2030 target levels

Tom Lusher Analyst

In a bid to tackle carbon emissions from road transport, the Irish government’s Climate Action Plan 2019 sets a target to have 950,000 electric vehicles (EVs) on the road by 2030. A complete sales ban on internal combustion engine (ICE) vehicles is also scheduled for the same year. This week’s Chart of the Week compares the number of electric cars, including hybrid variants, sold in Ireland to date in 2020 against the same period for 2019. It shows that in January, EV registrations rose by 73.6% to 5,739 compared with January 2019. In February, sales rose by 13.3% compared with same month last year. Overall, for the YTD EV sales are up 53.0%, with almost all growth coming in January to coincide with the release of the new vehicle registration plate. Irish motorists purchase most new cars in January and July, so this begs the question, have we seen the peak sales for EV’s already this year? One has to wonder how the 2030 targets will be achieved without new supportive measures from government to boost uptake. A range of incentives are available, including a grant of up to €5,000 for eligible, privately purchased Battery Electric Vehicles (BEVs) and Plug-in Hybrids EVs (PHEVs), Vehicle Registration Tax relief for BEVs until the end of 2021 and PHEVs until the end of 2020. Despite this, Ireland may need to go further and put in more ambitious measures, such as remove the €120 per year Motor Tax on BEVs, to achieve its ambitious targets. You may also be interested in ... ...

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