The big attraction of an EV is the fact you are doing mile after mile of emissions-free driving. The tax rules for ultra low emission company cars are set to change from 6 April 2020 making the purchase of an electric … Your business could get 20 per cent (up to £8,000) off the cost of buying an electric van. Examples include vouchers, holidays, payment of an employee's bills and prizes. Fully electric cars have zero tailpipe emissions making them greener, cleaner and better for the environment than petrol or diesel cars. Electric cars are cars that get their motive power from electricity only. Here are the top three benefits of electric vehicles. There are three main types of electric vehicles: pure electric, plug-in hybrid, and hybrid. 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. 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. You may have made an electric car available to your employee for private use during 2018. 1. The benefits of owning an EV arguably outweigh any cons — from spending less money in the long run to making fewer trips to the repair shop. The National Framework on alternative fuels forecasts a total of 20,000 passenger EV's on our roads by the end of 2020. Enjoying the quiet comfort of an electric vehicle isn't just great for your pocket, it's great for the environment too. Running costs Although electric vehicles are more expensive to buy, they have significantly lower running costs when compared to petrol or diesel equivalents. Join the electric vehicle revolution, find your perfect EV with our special car selector tool today. Zip through traffic and glide across town in a comfortable, clean and quiet car. We choose the five best electric cars on sale in Ireland. 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. Fueling with electricity offers some advantages not available in conventional internal combustion engine vehicles. 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. Last updated 8/7/2019 There are many reasons to make your next vehicle purchase an electric car. Fueling with electricity offers some advantages not available in conventional internal combustion engine vehicles. Electric vehicles emit zero tailpipe greenhouse gas emissions thereby helping to improve air quality in our towns and cities. Isn’t that how driving should be? Electric company car drivers are to get a tax break under new measures announced this afternoon by the Minister for Finance. Proven track record of insuring electric cars in Ireland. 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. 1. 9. The biggest benefit of electric cars is obvious: You no longer need gas. An electric car offers lots of advantages for business, from simple running and maintenance costs to tax benefits. 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. Provides a charge card to allow access to commercial or local authority vehicle charging points. Increased use of electric cars will help reduce the consumption of other fuels such as petrol and gasoline. Electric cars are manufactured using recyclable materials. You might have seen that major car manufacturer Volvo has announced that every car they launch from 2019 will have an electric motor, and that the current UK Government wants to see our roads free of petrol and diesel cars by 2040.. Electric vehicles, sometimes referred to as EVs, are set to be the norm but … This electric car tax relief is potentially a big saving for employees, making them more likely to choose an electric vehicle as a company car. While electric cars do, indeed, have their downsides, there are also considerable benefits to owning one. Advantages of electric cars – top benefits of EVs. The benefits of owning an EV arguably outweigh any cons — from spending less money in the long run to making fewer trips to the repair shop. 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. And it doesn’t stop there. If you want to make the switch to electric but are worried about range, check out these electric cars on sale now in Ireland with the longest range. Pays to lease a … From April 6th 2020, business users can also pay zero Benefit In Kind (BIK) company car tax on pure electric cars and the PICG still applies to company cars. By continuing to use this website, you consent to the use of cookies in accordance with our Cookies Policy. As soon as you hit the accelerator you’ll get an instant response and surge of speed from the car, making these vehicles ideal for city driving. 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. The Irish Times guide to new electric cars for 2020 and 2021 From the Audi e-Tron to Volvo XC40 P8, via Nissan and Tesla, we rate a full 36 models Wed, Jul 1, 2020, 07:00 Choose from a wide range of the UK’s best electric cars and find the car that’s right for you. With newer technology helping create even more environmentally friendly batteries, advances in hydrogen and even more efficient, quieter EV motors, the future of driving is bright and clean. 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. 1. We are proactively embedding new safety, sustainability, people development and corporate responsibility strategies within our operations. Rapid chargers can speed up the process even more, charging most cars to about 80% in under an hour. Home » Electric Vehicle Benefits. If you transfer the car to your employee, general BIK rules shall apply. Everything you need to know about using the ESB public charging network. ACA - Ltd Company EV Benefits Explained The following example compares a Ltd company purchasing a Electric Vehicle and a conventional fossil fuel vehicle of similar size, both with a R.R.P of €28,000 Electric cars can form part of your fleet or be a company car option. Sales of Electric Cars. It’s a big ask. 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. 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. Cheaper to run, fewer fuel stops and being more responsive are just a few of the advantages of owning a hybrid car. Most benefits from employment that are provided in addition to your salary are subject to income tax. With exciting new technologies currently being developed, which promise to cut charging times to minutes, extend range significantly and further enhance safety and automation features, there has never been a better time to switch to driving an EV. These savings quickly add up, see how much you could save on each journey when driving an EV by using our special Journey Cost Calculator below. That’s a big deal, since the average American spends between $2,000 and $4,000 on gas every year. Benefits of driving an electric vehicle. For more information, see valuation of benefits. With fully electric cars such as the Nissan Leaf, that cost is eliminated — though electricity isn’t free. Today, with a lightweight, compact, large-capacity Lithium-ion battery, it's taking you further than ever before. “These Electric cars represent a cleaner, greener way to use everyday transport. As a strong, diversified, vertically integrated utility, ESB operates right across the electricity market: from generation, through transmission and distribution to supply. Electric cars are one solution to the negative environmental impact of conventional cars. Sales of new EVs doubled in 2018 from the previous year and we predict sales will triple in 2019. 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. Grant for electric cars. Here’s why electric vehicles really are the transport mode of the future. Hide. Discounted electric car motor insurance. Find your nearest charge point with the interactive map, Find local incentives in your area using the interactive map, Find out how easy and how little it costs to charge at home, Find out just how far an electric vehicle can travel. Specialist electric car breakdown assistance. 6 Benefits of Electric Cars. Certain BIK exemptions and discounts are available where the car made available to your employee is an electric car. Electric cars with the longest range. Enjoying the quiet comfort of an electric vehicle isn't just great for your pocket, it's great for the environment too. 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%. There are currently 10,000 Electric Vehicles on the road in Ireland. Your business could get 35 per cent (up to £3,500) off the price of an electric car. 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 … Electric cars are predicted to be the next disruptive market force for transportation and technology. The treatment applies to both new and used cars. While electric cars do, indeed, have their downsides, there are also considerable benefits to owning one. Over the last 7 years, the reliability and durability of the New Nissan LEAF 100% electric have been rigorously tested in the most challenging conditions. Hybrid cars do not qualify as electric cars. They’re easier on the environment. Benefits of driving an electric vehicle. If you pay an allowance to an employee to allow them to purchase a car, this will be taxable salary. The top ten best selling electric cars in Ireland in 2019 along with the benefits to making the switch. 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. Ireland and the question remains – why? With so many benefits for both the environment and your pocket, driving an electric car makes so much sense. It appears JavaScript is disabled. Electric cars and vans. Benefits (other than benefits-in-kind). 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. 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. 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. Owners of an EV have the advantage of much lower running costs. Jun 1, 2017. ESB is a business built on the strength of its people. 3. Just like gas powered cars, you have to recharge your electric … Employers looking to provide tax-efficient company cars in the future should consider electric cars and hybrid models with a good electric range. Unfortunately the Benefit in Kind Tax exemption does not apply to hybrid cars or vans. The following is a summary of the main benefits that an employee may get and the rules the Revenue Commissioners apply. Nearly all credible researchers believe that electric cars, even in coal-dependent regions, have a smaller environmental impact than conventional vehicles. Fully electric cars are designed to be as efficient as possible and there are generally 3 main components powering the vehicle; the on-board charger, inverter and motor. Check out our charging calculator which shows exactly how long a wide range of EVs take to charge. The Disadvantages of Electric Cars. According to DoneDeal, 10% of all car searches in Ireland are now for electric and hybrid vehicles. Hyundai Ioniq Electric. Once installed, you’ll be able to charge your EV  by simply plugging in the charging cable when you’ve parked up. Introduction. Kia E-Niro. Electric cars will incur no benefit-in-kind tax for the 2020-21 tax year. 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 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. It’s as easy as charging your mobile phone. They’re easier on the environment. 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. This equates on average to ~£1,000 a year in fuel savings by driving electric. Electric cars are set to be “the new normal”, according to SEAI’s Jim Gannon. 9 – Kia E-Soul – 62 units – Another new comer for 2019 as the previous version was not imported into Ireland. 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. 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. ESB’s position as Ireland’s leading energy utility, its stable business profile and its solid financial position ensures it is well positioned to meet the challenges that lie ahead and to support its strategic ambition to lead the transition to reliable, affordable low-carbon energy for the benefit of its customers. Hybrid & electric cars ireland – what’s the difference? Batteries in EVs are often found in the floor of the car, which provides  excellent balance and weight distribution. The table below shows the percentage BiK rates, depending on vehicle CO 2 emissions from conventional fuel (only >0 for plug-in hybrid electric cars) and using WLTP figures. SIMI in its 2018 Budget Submission to Government pressed the case for some additional, low cost incentives for Electric and Hybrid cars to support migration toward alternative fuelled vehicles while we underlined the importance of cleaner diesel cars to rural Ireland also along with no further burdens placed on the motorist. Collectively these vehicles are known as Ultra Low Emission Vehicles or ULEVs. Electric cars have increasingly been making the headlines in recent months. Click on your store to download the ecar connect app. Since ESB was established in 1927, it has always endeavoured to bring light and energy to the people it serves, allowing individuals and communities to fulfil their potential in every walk of life. 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. An electric car is a car which is propelled by one or more electric motors, using energy stored in rechargeable batteries.Compared to internal combustion engine (ICE) vehicles, electric cars are quieter, have no exhaust emissions, and lower emissions 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. 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