Electric cars: the benefits Zero emissions. Benefit in Kind (BiK) rates for cars registered after April 2020. Less emissions mean reduced greenhouse gasses, enabling the UK to move towards sustainable, renewable sources of electricity. 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). Discover the top ten benefits here. 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. To get the most out of the website we recommend enabling JavaScript in your browser. These benefits include: • €5000 SEAI plug-in grant for personal purchase • Lowest VRT tax band (7%) • Low annual road tax of €120 The big attraction of an EV is the fact you are doing mile after mile of emissions-free driving. They’re easier on the environment. Are electric cars tax-deductible in the UK? The treatment applies to both new and used cars. Click on your store to download the ecar connect app. The measures will see a zero rate of benefit … Benefits and downsides of owning an electric or hybrid car; Advice Benefits and downsides of owning an electric or hybrid car. 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. 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. 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. Jun 1, 2017. 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. Fueling with electricity offers some advantages not available in conventional internal combustion engine vehicles. 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. Unfortunately the Benefit in Kind Tax exemption does not apply to hybrid cars or vans. Electric cars are going mainstream. Passing these extreme tests means that you can count on it at all times. Your business could get 35 per cent (up to £3,500) off the price of an electric car. Isn’t that how driving should be? There are three main types of electric vehicles: pure electric, plug-in hybrid, and hybrid. Last updated 8/7/2019 There are many reasons to make your next vehicle purchase an electric car. 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. Why aren’t more electric cars being sold despite all the ‘benefits’? 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 … Pays to lease a … Electric cars can form part of your fleet or be a company car option. 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. All this means you’ll rarely have to have your EV serviced and the running and repair costs are minimal. 6 Benefits of Electric Cars. 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. Grant for electric vans. Why choose us? Running costs Although electric vehicles are more expensive to buy, they have significantly lower running costs when compared to petrol or diesel equivalents. That’s a big deal, since the average American spends between $2,000 and $4,000 on gas every year. 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. Here’s why electric vehicles really are the transport mode of the future. 3. Owners of an EV have the advantage of much lower running costs. Electric cars are manufactured using recyclable materials. 1. 1. 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. Electric vehicles emit zero tailpipe greenhouse gas emissions thereby helping to improve air quality in our towns and cities. 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. 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. EVs are often more digitally connected than conventional vehicles, with many EV charging stations providing the option to control charging from a smartphone app. Fully electric cars have zero tailpipe emissions making them greener, cleaner and better for the environment than petrol or diesel cars. Introduction. Because electric motors react quickly, EVs are very responsive and have very good torque. Increased use of electric cars will help reduce the consumption of other fuels such as petrol and gasoline. 8 – Kia E-Niro – 72 units – new comer for 2019. It’s as easy as charging your mobile phone. Sales of new EVs doubled in 2018 from the previous year and we predict sales will triple in 2019. Reduced fuel consumption. We are proactively embedding new safety, sustainability, people development and corporate responsibility strategies within our operations. 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. The top ten best selling electric cars in Ireland in 2019 along with the benefits to making the switch. Cheaper to run, fewer fuel stops and being more responsive are just a few of the advantages of owning a hybrid car. Electric company car drivers are to get a tax break under new measures announced this afternoon by the Minister for Finance. However, they have also proven to have many more benefits to society. Enjoying the quiet comfort of an electric vehicle isn't just great for your pocket, it's great for the environment too. Zip through traffic and glide across town in a comfortable, clean and quiet car. 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. Hide. ACA Tax Saving Examples. The benefits of driving electric cars are clear. 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. 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. 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. 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. With fully electric cars such as the Nissan Leaf, that cost is eliminated — though electricity isn’t free. Benefits of driving an electric vehicle. 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. 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. Depending on your electricity deal at home and how efficient your electric car is, you can drive from 2-5p a mile. The biggest benefit of electric cars is obvious: You no longer need gas. Benefits (other than benefits-in-kind). 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%. Collectively these vehicles are known as Ultra Low Emission Vehicles or ULEVs. Read more about the benefits of owning an electric, hybrid or plug-in hybrid car in Northern Ireland. That’s a big deal, since the average American spends between $2,000 and $4,000 on gas every year. With fully electric cars such as the Nissan Leaf, that cost is eliminated — though electricity isn’t free. Electric and hybrid vehicles can be found from many of our 18 manufacturers across our eight sites in Northern Ireland. There are currently 10,000 Electric Vehicles on the road in Ireland. Electric company car drivers are to get a tax break under new measures announced this afternoon by the Minister for Finance. Certain BIK exemptions and discounts are available where the car made available to your employee is an electric car. 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. Your business could get 20 per cent (up to £8,000) off the cost of buying an electric van. The National Framework on alternative fuels forecasts a total of 20,000 passenger EV's on our roads by the end of 2020. Planning ahead. 2018 Exemption. 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. And it doesn’t stop there. They’re easier on the environment. Just like gas powered cars, you have to recharge your electric … Batteries in EVs are often found in the floor of the car, which provides  excellent balance and weight distribution. Kia E-Soul. ESB is a business built on the strength of its people. 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. 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. Join the electric vehicle revolution, find your perfect EV with our special car selector tool today. Benefits. An electric car offers lots of advantages for business, from simple running and maintenance costs to tax benefits. 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. It appears JavaScript is disabled. 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. Electric vehicles emit zero tailpipe greenhouse gas emissions thereby helping to improve air quality in our towns and cities. Fully electric cars have zero tailpipe emissions making them greener, cleaner and better for the environment than petrol or diesel cars. 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. Choose from a wide range of the UK’s best electric cars and find the car that’s right for you. Specialist electric car breakdown assistance. Next: How to calculate the taxable benefit (cash equivalent) They can reduce emissions and even save you money. But they also offer compelling financial incentives for business and personal purchasers. 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. 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. The following outlines the number of benefits EV's offer to drivers, businesses and society. 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 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. 9 – Kia E-Soul – 62 units – Another new comer for 2019 as the previous version was not imported into Ireland. This equates on average to ~£1,000 a year in fuel savings by driving electric. By 2030, it wants one million electric cars on Irish roads. 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. Most benefits from employment that are provided in addition to your salary are subject to income tax. To go electric benefits of electric cars ireland your next vehicle purchase an electric car available your! 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