Distance Driven 370km
I hope I can get one before the ESB closes the last of their Peat fired Power Stations, just so I can say that I have a Peat powered car.Battery electric vehicles represented 12% of September car sales in Ireland, up nearly 500% on September last year, and in a month that car sales overall have improved. Figures were certainly helped along by the arrival of Volkswagon’s ID.3 electric-Golf) model, but sales of all EVs were generally strong.
With increasing volumes like this there should be a really meaningful second hand market in these longer range EVs over the next couple of years.
Mine is 15k km. Second hand EV I bought last year (I had a budget, looked at petrol/diesel cars but didn't see much that I liked, then came across the Hyundai ioniq) has saved me about €1500 so far, less if you include depreciation, but no matter the car it would have depreciated.My annual mileage is approx 10,000 . In other words nothing much.
In the last budget they announced a new CO2 and mileage based BIK regime to begin in 2023, which would kick in when the 0% rate expires at the end of 2022.Has anyone seen anything in Budget 2021 in relation to the BIK exemption on EV's?
In each of the last few Budgets, this exemption has been extended by a year, ensuring that companies & employees have the certainty that they will be exempt from BIK for at least 3yrs.
I dont see it mentioned anywhere so is this down to 2yrs now?
In the last budget they announced a new CO2 and mileage based BIK regime to begin in 2023, which would kick in when the 0% rate expires at the end of 2022.
Page 11 in the Finance Bill 2019 - https://assets.gov.ie/37023/f1235ce2a7804dd889b4631778c1fa5b.pdfI must have missed that last year. I just understood that i was exempt from BIK for another 3yrs, the same as the previous year's Budget.
Any idea where i can find details on the new scheme?