Move to electric cars could pose risk to exchequer – department

Irish Times | Aug 15, 2019 at 8:17 PM
  • Money allocated to increasing the take-up of electric cars will run out by 2021 unless the Government reforms its plans to incentivise the purchase of these vehicles, the Department of Public Expenditure has warned.
  • The department warns that every 100,000 new electric vehicles on the road will cost “the exchequer between €1.14 billion and €1.36 billion”, pitching the cost of the Government’s target at more than €11 billion.