As a leasing provider we are seeing more and more requests for fully electric vehicles. Newer models now benefit from a higher range (530kms on a full charge approx. for example) so in theory should be able to cover most journeys one a full charge. This compared to previous EV options that often caused ‘range anxiety’ will provide more certainty for those thinking of making the change. The greater range comes from bigger and better battery technology. In simple terms the higher the kilowatt of the battery the better the range will be. There are many more options available now than ever before with sizes and costs to suit all budgets. Commercial vans, commercial 2 seater car vans, small hatchbacks, mid size Suvs and larger Suv offerings can now cover a huge range of requirements.
The benefits of electric cars:
0% rate of BIK (capped @ €35,000 for 2024 and 2025)
VRT relief is up to €5,000 for Battery Electric Vehicles (BEV). This relief is in place until the end of 2025 - -
Passenger cars or commercial vehicles (VRT categories A + B) with an Open Market Selling Price (OMSP) of up to €40,000 will be granted relief of up to €5,000. Vehicles with an OMSP of greater than €40,000 but less than €50,000 will receive a reduced level of relief. Reliefs have been removed for any electric vehicles above €50,000.
No BIK on Electricity if Charged at Work
€120 annual road tax
Low running costs (cost of charging and maintenance)
Up to 75% discount on Tolled Roads
New lower rate of VRT introduced from 2021 of just 7%
€300 grant off the cost to install a home charger - now available for business users
A: Charging times vary depending on the model of car and the power source used. The majority of people will charge using a Wallbox. It is, however, possible to charge via a domestic socket. For fast charging, a rapid charger can be used; however, at present, there are a limited amount of rapid charging stations in Ireland, and it is more expensive than standard charging.
Below are the charging times for a typical example EV:
Domestic socket – 18-24 hours
Wallbox – 4-5hrs (7.4kW, 0-100%)
Rapid charge time – 30-40 mins (50kW, 10-80%)
Johnson & Perrott Fleet
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