SPSV Drivers have been driving the Toyota Prius for years, this amazing car is also available as a Plug-In so would be applicable for the SPSV Grant.
Applications for the electric SPSV grant scheme should be made through the National Transport Authority (NTA). For further information on the scheme, application process, and eligible electric SPSVs, please visit www.nationaltransport.ie
· The electric SPSV grant scheme can also be used in conjunction with the NTA’s ‘Wheelchair Accessible Vehicle’ grant scheme which is also open to applicants from 1 February 2018.
· For more information on electric vehicle grant incentives, including the home charging grant scheme, visit www.seai.ie
Analysis shows that fuel savings of up to 10 cent per km can be achieved by driving an electric vehicle in comparison to a conventionally fuelled vehicle. For a vehicle clocking up to 55,000km per annum, this would equate to fuel savings of over €5,000 and net reduction in over 3.5 tonnes of CO2 emissions.
PHEV vehicles are also eligible for:
The ACA is a tax incentive for companies paying corporation tax and aims to encourage investment in energy efficient equipment. The ACA offers an attractive incentive whereby it allows companies to write off 100% of the purchase value of qualifying energy efficient equipment against their profit in the year of purchase.
Claiming the ACA:
The ACA is claimed on the company’s return of income (form CT1). Since 2009 there is a separate entry field for ACA alongside the standard capital allowances entry field.
The ACA can be claimed for the accounting period in which the equipment was first provided and used for its trade, provided that the equipment is included on the published list at some stage during that accounting period.
Apart from the acceleration of the allowances to 100% in year one, the ACA is subject to the same rules as are applied to the standard wear and tear allowances for plant and machinery.
There is no requirement to obtain approval for expenditure on the energy-efficient equipment. The normal self-assessment tax provisions apply.
Revenue.ie guide re: Electric and Alternative Fuel Vehicles:
Note: this category is included in the scheme as part of the strategy to promote greater usage of low-emissions vehicles.
Section 37 of the Finance (No. 2) Act, 2008 inserted a new subsection 8A into section 285A. The new subsection, ensures that in the case of cars coming under the category “Electric and Alternative Fuel Vehicles” the accelerated allowance is based on the lower of the actual cost of the vehicle or the specified amount of €24,000 referred to in section 380K(4) TCA, 1997. The emissions-based scheme in Part 11C TCA will not apply where a company opts to avail of accelerated capital allowances under section 285A. The converse also applies so that a company can opt for one scheme or the other, but not both, insofar as business cars are concerned. For electric or alternative fuel cars, a company may opt for the accelerated allowance scheme for energy efficient equipment under section 285A or the existing emissions based scheme of allowances under Part 11C. The latter scheme, which was introduced in the Finance Act 2008, is based on the emissions levels of cars.
Under this scheme an allowance is available at 12.5% over a period of 8 years and up to a “specified amount” of €24,000 regardless of the actual cost of the car. For example, an allowance of €24,000 will be available even where the actual cost of the car is lower.
For more information and updates see www.revenue.ie
Imagine being able to drive at speeds as high as 135km/h or as far as 50km* without using a drop of fuel. Well, that time is now thanks to the Prius Plug-in Hybrid’s 68kW EV power rating. When your journeys exceed its 50km* EV range the new Prius Plug-in Hybrid is estimated to sip fuel at 282 MPG*, which means fewer refuels for you and even fewer emissions from the tailpipe: estimated at an exceptionally low 22g/km*.
Prius Plug-in Hybrid is the perfect fit for those who want a hybrid car with the benefits of extended electric vehicle (EV) driving. It is the most dynamic Prius yet, delivering an unforgettable driving experience with smooth handling and powerful performance. With an estimated fuel consumption of 282 MPG when your journeys exceed its 50km* EV range, you can be confident in the knowledge that you are also being incredibly efficient.
By building on the foundations of the latest generation Prius – which showcases a more dynamic drive and an all-new full hybrid system – the intuitive, silent and responsive Prius Plug-in Hybrid’s (PHV) is the perfect fit for those who want a Hybrid car with the benefits of extended Electric Vehicle (EV) driving.