The 0% benefit-in-kind rate for electric vehicles with a market value of less than €50,000, has been extended to December 2022. Reduced fuel consumption. Isn’t that how driving should be? Electric cars are not really “zero-emission” – but they are more environmentally friendly than petrol or diesel cars and will become more so as the generation of electricity from renewable sources increases to the government target of 40%. Electric cars are going mainstream. Benefits of electric vehicles. They Aren’t Mainstream While a lot of people will hear that something isn’t mainstream and instantly want it that much more, the case is very different with electric cars. Electric and hybrid vehicles can be found from many of our 18 manufacturers across our eight sites in Northern Ireland. Electric company car drivers are to get a tax break under new measures announced this afternoon by the Minister for Finance. Check out our charging calculator which shows exactly how long a wide range of EVs take to charge. ESB’s position as Ireland’s leading energy utility, its stable business profile and its solid financial position ensures it is well positioned to meet the challenges that lie ahead and to support its strategic ambition to lead the transition to reliable, affordable low-carbon energy for the benefit of its customers. The top ten best selling electric cars in Ireland in 2019 along with the benefits to making the switch. SIMI in its 2018 Budget Submission to Government pressed the case for some additional, low cost incentives for Electric and Hybrid cars to support migration toward alternative fuelled vehicles while we underlined the importance of cleaner diesel cars to rural Ireland also along with no further burdens placed on the motorist. One of the first things drivers notice when switching to an electric car is the quietness of the vehicle, which creates a far more comfortable, relaxing driving experience. Hide. Less emissions mean reduced greenhouse gasses, enabling the UK to move towards sustainable, renewable sources of electricity. Benefit in Kind (BiK) rates for cars registered after April 2020. The benefits of owning an EV arguably outweigh any cons — from spending less money in the long run to making fewer trips to the repair shop. Discounted electric car motor insurance. Discover the top ten benefits here. From tax incentives and special government grants to enhanced fuel efficiency, the lower cost of electricity and reduced maintenance requirements, you could spend far less on an electric vehicle than you do on your current car. Why aren’t more electric cars being sold despite all the ‘benefits’? Grant for electric vans. Last updated 8/7/2019 There are many reasons to make your next vehicle purchase an electric car. The electricity to charge an EV works out around a third as much per kilometre as buying petrol for the same vehicle1.There are a number of handy calculators you can use to see the savings. ... Of course, there are other benefits, not least the fact that the electric motor is powerful enough to drive the car by itself, so you can drive for short bursts on just electric power around town, dramatically reducing your urban fuel consumption and emissions rating. And it doesn’t stop there. Most mainstream electric cars will do around 100 miles between charges, so if you want to do a long journey, you’ll have to do a lot of planning. Kia E-Soul. Most benefits from employment that are provided in addition to your salary are subject to income tax. The electricity to charge an EV works out around a third as much per kilometre as buying petrol for the same vehicle 1. Electric cars have increasingly been making the headlines in recent months. Fueling with electricity offers some advantages not available in conventional internal combustion engine vehicles. Hyundai Ioniq Electric. Electric vehicles emit zero tailpipe greenhouse gas emissions thereby helping to improve air quality in our towns and cities. EVs are often more digitally connected than conventional vehicles, with many EV charging stations providing the option to control charging from a smartphone app. You’ll also see a breakdown of electricity usage and cost so you know exactly how much you could save every time you charge your car. Electric car benefit-in-kind (BIK) tax treatment is significantly more beneficial than that for conventional engined cars, especially diesels. Benefits. 9. An employee may receive a taxable benefit in connection with their personal electric car if their employer: Pays for a vehicle charging point to be installed at the employee’s home. If you pay an allowance to an employee to allow them to purchase a car, this will be taxable salary. It’s as easy as charging your mobile phone. To get the most out of the website we recommend enabling JavaScript in your browser. But they also offer compelling financial incentives for business and personal purchasers. The biggest benefit of electric cars is obvious: You no longer need gas. 1. ACA - Ltd Company EV Benefits Explained The following example compares a Ltd company purchasing a Electric Vehicle and a conventional fossil fuel vehicle of similar size, both with a R.R.P of €28,000 This means  handling around corners and curves is effortless and reliable. Your business could get 20 per cent (up to £8,000) off the cost of buying an electric van. The tax rules for ultra low emission company cars are set to change from 6 April 2020 making the purchase of an electric … Plug-in hybrids driven in electric mode emit zero tailpipe emissions and the electric range is well within the average UK daily distance driven of 30 miles. Check out the Fuel Cost Savings Calculator on the My Electric Car website. Jun 1, 2017. Our objective is to be a positive and effective partner for each of our stakeholders, our staff, our customers, the communities in which we operate and for our environment. We are proactively embedding new safety, sustainability, people development and corporate responsibility strategies within our operations. The motor tax for a Battery Electric Vehicle Motor Tax costs €120 per year with Plug-In Hybrid Motor Tax typically €170 per year. Owners of an EV have the advantage of much lower running costs. Like traditional petrol and diesel vehicles, the cost of buying an electric car varies depending on make, model, features and type. Electric cars can form part of your fleet or be a company car option. The Disadvantages of Electric Cars. Ireland and the question remains – why? Passing these extreme tests means that you can count on it at all times. Why choose us? Because electric motors react quickly, EVs are very responsive and have very good torque. Sales of new EVs doubled in 2018 from the previous year and we predict sales will triple in 2019. Electric cars with the longest range. If you transfer the car to your employee, general BIK rules shall apply. Electric cars are cars that get their motive power from electricity only. This isn’t the case for all electric vehicles; however many of the newest models have interior parts made from recyclable materials, such as the seats, door trim panels and dash. It’s a big ask. The aim is to ensure that all new cars and vans on Irish roads in 11 years' time are electric vehicles. At the start of 2018, electric cars were relatively new to the automotive industry, but there's no denying they're increasing in popularity – as our survey of British motorists has shown.And despite their relative newness, industry insiders believed that by the end of 2018 there would be around 200,000 electric cars on the roads. Introduction. Advantages of electric cars – top benefits of EVs. According to the head of ecars at ESB, Gareth Davis, currently there are over 4,500 battery electric vehicles (BEVs) and PHEVs (plug-in “hybrid” electric vehicles) on the island of Ireland. Because of the tax benefits of electric and hybrid cars this means Tom and the company can potentially save tax and National Insurance of £10,103 overall. Over the last 7 years, the reliability and durability of the New Nissan LEAF 100% electric have been rigorously tested in the most challenging conditions. The benefits of driving electric cars are clear. This means there is far less wear and tear on the car and little stress on the motor, with fewer moving parts susceptible to damage. Electric cars are set to be “the new normal”, according to SEAI’s Jim Gannon. Electric cars could reap benefits from new green number plates Chinese Nio ET7 electric family car costing £60,000 Lord Blunkett 'never envisaged' disabled Child Trust Fund issues Once installed, you’ll be able to charge your EV  by simply plugging in the charging cable when you’ve parked up. Benefits of driving an electric vehicle. Running costs Although electric vehicles are more expensive to buy, they have significantly lower running costs when compared to petrol or diesel equivalents. Sales of Electric Cars. Apparently, we have but a few years before all we can buy will be electric cars. There is an EV to suit almost every  budget and our car selector tool is designed to help you find your perfect car quickly and easily. Electric cars are predicted to be the next disruptive market force for transportation and technology. As a strong, diversified, vertically integrated utility, ESB operates right across the electricity market: from generation, through transmission and distribution to supply. Cheaper to run, fewer fuel stops and being more responsive are just a few of the advantages of owning a hybrid car. Examples include vouchers, holidays, payment of an employee's bills and prizes. Your business could get 35 per cent (up to £3,500) off the price of an electric car. Learn more about how much cheaper it is to run and maintain as well as the environmental and health benefits buying an electric car brings. Electric vehicles offer many benefits, but they also have some disadvantages when compared to conventional gasoline-powered cars.One of the biggest questions prospective electric car buyers face is whether to purchase an all-electric vehicle (AEV), plug-in hybrid electric vehicle (PHEV), or a gasoline-powered car. Planning ahead. Hybrid & electric cars ireland – what’s the difference? With fully electric cars such as the Nissan Leaf, that cost is eliminated — though electricity isn’t free. 9 – Kia E-Soul – 62 units – Another new comer for 2019 as the previous version was not imported into Ireland. They’re easier on the environment. These benefits include: • €5000 SEAI plug-in grant for personal purchase • Lowest VRT tax band (7%) • Low annual road tax of €120 Toll discounts have been announced to begin in 2018 and is available to the first 50,000 electric vehicles with an electronic tag and this scheme will run until 2022. By 2030, it wants one million electric cars on Irish roads. An electric car offers lots of advantages for business, from simple running and maintenance costs to tax benefits. Here’s why electric vehicles really are the transport mode of the future. There are three main types of electric vehicles: pure electric, plug-in hybrid, and hybrid. Are electric cars tax-deductible in the UK? There are other great cost saving benefits as well; to learn more about the costs of driving an electric car please visit our dedicated guide here. A compact, all-weather home charging unit can be outside your home and you’ll be eligible for a £350 government grant to cover installation. Kia E-Niro. With our AA- financial strength and our experience insuring electric cars, we bring you superior electric car insurance protection, specialist electric car breakdown assistance and an excellent claims service. Proven track record of insuring electric cars in Ireland. They can reduce emissions and even save you money. The benefit in kind value on a £20,000 electric car in 2020/21 will only be £400, costing a higher rate taxpayer £160 in tax – considerably less than the £880 payable in 2018/19. We at Zurich established ourselves as an electric car pioneer when we launched the world’s first customised electric car motor insurance proposition in Ireland in 2011. Electric cars will incur no benefit-in-kind tax for the 2020-21 tax year. Everything you need to know about using the ESB public charging network. All signs are pointing to electric cars being the future, but hybrids are the more practical option for many of us. Provides a charge card to allow access to commercial or local authority vehicle charging points. 1. Grant for electric cars. An electric car is a car which is propelled by one or more electric motors, using energy stored in rechargeable batteries.Compared to internal combustion engine (ICE) vehicles, electric cars are quieter, have no exhaust emissions, and lower emissions overall. There are a number of great benefits to electric vehicles (EVs) over conventional petrol/diesel cars. Benefits (other than benefits-in-kind). Benefits and downsides of owning an electric or hybrid car; Advice Benefits and downsides of owning an electric or hybrid car. A four-bay SemaConnect charging station is located in the parking lot behind 2100 Chester Ave. A new study details the likely economic benefits of encouraging greater use of electric … Benefits of driving an electric vehicle. Electric cars are one solution to the negative environmental impact of conventional cars. The Irish Times guide to new electric cars for 2020 and 2021 From the Audi e-Tron to Volvo XC40 P8, via Nissan and Tesla, we rate a full 36 models Wed, Jul 1, 2020, 07:00 Using a 7kW home charging port, most EVs can charge to full capacity in around 8 – 12hours so your car will be ready to go when you are. The biggest benefit of electric cars is obvious: You no longer need gas. However, they have also proven to have many more benefits to society. 2018 Exemption. Enjoying the quiet comfort of an electric vehicle isn't just great for your pocket, it's great for the environment too. This section will not apply. The table represents electric, petrol and diesel related BiK rates. 3. This electric car tax relief is potentially a big saving for employees, making them more likely to choose an electric vehicle as a company car. Hybrid cars do not qualify as electric cars. A Plug-in hybrid pairs a small battery and electric motor, with a typical range of around 30 miles, with a fuel-efficient petrol or diesel engine. Here are the top three benefits of electric vehicles. While the price of an EV may be similar to most comparable petrol or diesel cars, the cost of running one is significantly cheaper particularly over the full lifetime of the vehicle. All electric cars have instant torque , which means you’ll always have power right at your fingertips. Read more about the benefits of owning an electric, hybrid or plug-in hybrid car in Northern Ireland. Home » Electric Vehicle Benefits. Enjoying the quiet comfort of an electric vehicle isn't just great for your pocket, it's great for the environment too. By continuing to use this website, you consent to the use of cookies in accordance with our Cookies Policy. As soon as you hit the accelerator you’ll get an instant response and surge of speed from the car, making these vehicles ideal for city driving. This is achieved not only through the provision of critical energy infrastructure, but also through ESB's contribution to the economy in the form of investment, taxes, dividends and jobs. Batteries in EVs are often found in the floor of the car, which provides  excellent balance and weight distribution. A Plug-in hybrid pairs a small battery and electric motor, with a typical range of around 30 miles, with a fuel-efficient petrol or diesel engine. Charging your EV at home is cost efficient, simple and fast. Lower fuel costs, environmental stewardship, and energy independence are all compelling reasons to go electric with your next car. If you want to make the switch to electric but are worried about range, check out these electric cars on sale now in Ireland with the longest range. These savings quickly add up, see how much you could save on each journey when driving an EV by using our special Journey Cost Calculator below. Electric cars and vans. Get a car inusrance quote on 0818 25 20 25. You might have seen that major car manufacturer Volvo has announced that every car they launch from 2019 will have an electric motor, and that the current UK Government wants to see our roads free of petrol and diesel cars by 2040.. Electric vehicles, sometimes referred to as EVs, are set to be the norm but … By continuing to use this website, you consent to the use of cookies in accordance with our, Science Week - Curiosity Box competition T&Cs, Preserving Ireland's Heritage and Environment, ESB Health & Safety Policies and Performance, Benefits of driving an ecar infographic (PDF | 3.45 MB). The following outlines the number of benefits EV's offer to drivers, businesses and society. The treatment applies to both new and used cars. From 1 January 2020 to 31 December 2020 electric cars and vans are exempt from Benefit in Kind Tax. For example, in the current tax year, 2018-19, electric or hybrid company cars that emit 50g/km of CO2 attract a BIK scale charge of 13% of the vehicle’s P11D value. Owners of an EV have the advantage of much lower running costs. With newer technology helping create even more environmentally friendly batteries, advances in hydrogen and even more efficient, quieter EV motors, the future of driving is bright and clean. Plug-in electric vehicles (also known as electric cars or EVs) are connected, fun, and practical. Today, with a lightweight, compact, large-capacity Lithium-ion battery, it's taking you further than ever before. The benefits of owning an EV arguably outweigh any cons — from spending less money in the long run to making fewer trips to the repair shop. Fueling with electricity offers some advantages not available in conventional internal combustion engine vehicles. Increased use of electric cars will help reduce the consumption of other fuels such as petrol and gasoline. You may have made an electric car available to your employee for private use during 2018. Certain BIK exemptions and discounts are available where the car made available to your employee is an electric car. In Ireland, for those that do have an EV, there is a grant from the Sustainable Energy Authority of Ireland that could provide you with up to €5,000. Nearly all credible researchers believe that electric cars, even in coal-dependent regions, have a smaller environmental impact than conventional vehicles. On a cost per mile basis a fully electric car could cost you a quarter or less of what a traditional petrol or diesel car might. “These 6 Benefits of Electric Cars. Just like gas powered cars, you have to recharge your electric … While electric cars do, indeed, have their downsides, there are also considerable benefits to owning one. There are currently 10,000 Electric Vehicles on the road in Ireland. From improved air quality to reduced noise pollution, EVs offer many environmental benefits. Electric company car drivers are to get a tax break under new measures announced this afternoon by the Minister for Finance. Electric vehicles emit zero tailpipe greenhouse gas emissions thereby helping to improve air quality in our towns and cities. Electric cars represent a cleaner, greener way to use everyday transport. There are currently around 2,000 of these vehicles on the roads in Northern Ireland. 8 – Kia E-Niro – 72 units – new comer for 2019. With so many benefits for both the environment and your pocket, driving an electric car makes so much sense. Fully electric cars have zero tailpipe emissions making them greener, cleaner and better for the environment than petrol or diesel cars. Employers looking to provide tax-efficient company cars in the future should consider electric cars and hybrid models with a good electric range. 6 Benefits of Electric Cars. ESB is a business built on the strength of its people. Since ESB was established in 1927, it has always endeavoured to bring light and energy to the people it serves, allowing individuals and communities to fulfil their potential in every walk of life. ACA Tax Saving Examples. Click on your store to download the ecar connect app. Collectively these vehicles are known as Ultra Low Emission Vehicles or ULEVs. Rapid chargers can speed up the process even more, charging most cars to about 80% in under an hour. The National Framework on alternative fuels forecasts a total of 20,000 passenger EV's on our roads by the end of 2020. And it doesn’t stop there. Cheaper to run. Depending on your electricity deal at home and how efficient your electric car is, you can drive from 2-5p a mile. With fully electric cars such as the Nissan Leaf, that cost is eliminated — though electricity isn’t free. In regions with a strong grid mix of renewables—such as hydro, wind, and solar—or for electric car drivers with home solar, the emissions benefits are dramatic. In comparison, a … They’re easier on the environment. The following is a summary of the main benefits that an employee may get and the rules the Revenue Commissioners apply. Next: How to calculate the taxable benefit (cash equivalent) EVs offer outstanding value over the long term and can be an excellent investment for drivers looking for a cheaper, more efficient way to get around. 1. We choose the five best electric cars on sale in Ireland. Fully electric cars have zero tailpipe emissions making them greener, cleaner and better for the environment than petrol or diesel cars. The table below shows the percentage BiK rates, depending on vehicle CO 2 emissions from conventional fuel (only >0 for plug-in hybrid electric cars) and using WLTP figures. All this means you’ll rarely have to have your EV serviced and the running and repair costs are minimal. From the environmental impact to the savings you can make on fuel, tax and maintenance costs, electric vehicles could help you save significant amounts of money. Zip through traffic and glide across town in a comfortable, clean and quiet car. With exciting new technologies currently being developed, which promise to cut charging times to minutes, extend range significantly and further enhance safety and automation features, there has never been a better time to switch to driving an EV. While electric cars do, indeed, have their downsides, there are also considerable benefits to owning one. That’s a big deal, since the average American spends between $2,000 and $4,000 on gas every year. It appears JavaScript is disabled. Electric Ireland can professionally install an electric vehicle home charger at your home and with the help of the SEAI grant it comes at a great price. The measures will see a zero rate of benefit … Enjoying the quiet comfort of an electric vehicle isn't just great for your pocket, it's great for the environment too. Join the electric vehicle revolution, find your perfect EV with our special car selector tool today. As the first dealer group to introduce the fully Electric Vehicle to the Northern Ireland market, the Donnelly Group is committed to supporting the development of future clean air technologies within the motor industry. That’s a big deal, since the average American spends between $2,000 and $4,000 on gas every year. Electric cars are manufactured using recyclable materials. SEAI is offering grants of up to €5,000 for a Battery Electric Vehicle (BEV) or a Plug-in Hybrid Electric Vehicle (PHEV) purchased and registered in Ireland. Fully electric cars are designed to be as efficient as possible and there are generally 3 main components powering the vehicle; the on-board charger, inverter and motor. For more information, see valuation of benefits. The big attraction of an EV is the fact you are doing mile after mile of emissions-free driving. SEAI is offering grants of up to €5,000 for a Battery Electric Vehicle (BEV) or a Plug-in Hybrid Electric Vehicle (PHEV) purchased and registered in Ireland. The open market of the car must be less than €50,000 or first used by the employee between 10th October 2017 and 9th October 2018. Electric vehicles emit zero tailpipe greenhouse gas emissions thereby helping to improve air quality in our towns and cities. Pays to lease a … Realistically, we’d need everyone to switch to electric cars to see a reduction in CO2 levels and while this may be doable in the future, it’s unlikely to happen now. Specialist electric car breakdown assistance. Electric vehicles offer many benefits, but they also have some disadvantages when compared to conventional gasoline-powered cars.One of the biggest questions prospective electric car buyers face is whether to purchase an all-electric vehicle (AEV), plug-in hybrid electric vehicle (PHEV), or a gasoline-powered car. Electric cars: the benefits Zero emissions. Choose from a wide range of the UK’s best electric cars and find the car that’s right for you. 1. From April 6th 2020, business users can also pay zero Benefit In Kind (BIK) company car tax on pure electric cars and the PICG still applies to company cars. Unfortunately the Benefit in Kind Tax exemption does not apply to hybrid cars or vans. Financial Benefits of Zero Emissions Vehicles. This equates on average to ~£1,000 a year in fuel savings by driving electric. Since the ICE vehicle is dominant on the roads, there are hundreds of types of petrol and diesel cars to choose from, while there are only about 10 varieties of electric car on sale in Ireland … They have the potential to revolutionize how energy is used, created and redirected. According to DoneDeal, 10% of all car searches in Ireland are now for electric and hybrid vehicles. Replacement car: In the event of an accident, we will provide a free replacement car (an electric car where possible) for up to 10 days. W ith the accelerating drive for cleaner, energy-efficient cars, here are 10 reasons why hybrids are increasingly the go-to choice for buyers.. 1 Hybrids are less polluting. As EVs become more mainstream, the costs  are dropping rapidly and there are a wide variety of benefits for drivers making the switch. Find your nearest charge point with the interactive map, Find local incentives in your area using the interactive map, Find out how easy and how little it costs to charge at home, Find out just how far an electric vehicle can travel. Number of benefits EV 's on our roads by the Minister for Finance out around a as!, businesses and society a mile making them greener, cleaner and better for the than!, businesses and society energy independence are all compelling reasons to make your vehicle! Cars on sale in Ireland the difference ' time are electric vehicles ( also known as Low... For you tailpipe greenhouse gas emissions thereby helping to improve air quality to reduced noise pollution, are. Corporate responsibility strategies within our operations longer need gas compelling financial incentives for business and purchasers! 10 % of all car searches in Ireland are now for electric vehicles increasingly been making headlines! 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