Will hybrid VRT relief change in the Budget?

I would welcome your opinion on the upcoming 2018 Irish Budget in November. The current VRT relief on hybrid cars is €1,500. In light of current poor sales of hybrid cars in Ireland (two per cent of total Irish sales), do you see them raising this value or could they possibly withdraw it?

I ask this because I am planning to purchase a hybrid for 181 and I would like to take advantage of the 'increased' value.

Michael Carey (Letterkenny)

Aug 2017 Filed under: hybrid

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Expert answer

Hi Michael,

I would expect to see little to no change in the hybrid subvention in the coming budget. Although there will be some pressure to incentivise low-emissions cars that aren’t diesel, the focus will probably be more on higher incentives for battery-electric cars, and possible plugin hybrids, and some changes to the reclaiming of VAT on petrol for company users. The Department of Finance will be well aware that there is a huge number of new hybrid cars due for launch, and they won’t want to risk a fall-off in revenue by increasing the subvention, so I think, at this point, it’s unlikely to change very much.

Neil Briscoe - Complete Car Advisor
@neilmbriscoe