The Department of Transport has announced the renewal of the eSPSV Grant Scheme for taxis, hackneys and limousines in 2023, with a budget of €15 million allocated.
The scheme is designed to assist owners of small public service vehicles (SPSVs), such as taxis, in the transition to electric vehicles.
Eligible applicants can receive up to €10,000 in grants for the purchase of a new, full battery eSPSV, with an additional €2,500 available for models that are wheelchair accessible.
SPSV owners are eligible for double the normal grant when they scrap an older, more polluting, or high mileage vehicle and switch to electric.
The grant can reach up to €20,000 for a new, fully electric SPSV, and €25,000 for a wheelchair-accessible electric vehicle.
In addition to these grants, SPSV owners who switch to an EV can also avail of VRT relief (up to €5,000), the Domestic Charger Scheme (up to €600), and annual toll refunds (up to €1,000).
These incentives, coupled with fuel savings and lower maintenance costs, make electric models an attractive option.