Ireland launches €10M EV scrappage scheme in July

• Ireland's scrappage scheme for old vehicles opens July 1.
• The pilot scheme has a budget of €10 million.
• Motorists can receive a €5,000 allowance for scrapping vehicles over 13 years old.
• The allowance can be combined with the existing €3,500 EV purchase grant.
• The total available support for purchasing a new battery electric vehicle is €8,500.

Ireland is set to launch a new €10 million scrappage scheme on July 1, aimed at incentivizing the purchase of electric vehicles (EVs) by encouraging the removal of older, more polluting cars from the road. Announced by Minister for Transport Darragh O'Brien, the pilot program will offer motorists a €5,000 allowance when they permanently scrap a petrol or diesel vehicle that is more than 13 years old. This scrappage allowance can be combined with the existing €3,500 EV purchase grant, potentially providing a total of €8,500 in financial support towards the acquisition of a new battery electric vehicle. Fianna Fáil spokesperson on transport, Shane Moynihan TD, stated that the scheme addresses the significant barrier of upfront cost for many households considering the transition to EVs, while also contributing to reducing emissions by taking older vehicles off the road. The initiative is part of a broader effort to accelerate the adoption of cleaner transport solutions across the country.