Electric or hybrid for me through work?
Hi!
I would like to ask for your help in choosing between a new electric car (price 30,000 Euro) and a hybrid car (price 24,000 Euro), taking into consideration that, due to my workplace, I am exempt from paying the VRT and the VAT. Could you please help me find out the final price I will need to pay for those two types of cars?
Thank you.
Andrew Parnwell (Dublin)Sep 2019 Filed under: electric cars
Expert answer
Hi Andrew,
That’s a tricky one as you’ve not told us the precise cars in question. The thing is, an electric car with a price of €30,000 has probably already had the VRT rebated on it, so you won’t make as big a saving — you’ll only save the VAT, which will represent a discount of around €5,000, bringing the price down to around €25,000.
With the hybrid, assuming it has CO2 emissions of under 100g/km, and therefore is in the 15 per cent VRT band, you could make a huge saving. It’s a rough guess, but we reckon you’d save €4,000 worth of VAT and €3,000 worth of VRT, bringing the price down to €17,000.
Now, these are just rough calculations, and the final, proper figures may differ, but on the face of it the hybrid model offers a better up-front saving, but then you have to work in the potential for much cheaper running costs with an electric car when it comes to fuel and servicing.
Neil Briscoe - Complete Car Advisor@neilmbriscoe