Vehicle Incentives

All Tesla cars have zero emissions and may be eligible for financial incentives that encourage clean energy use in Ireland.

Request a callback from an advisor to learn about incentives.

• From 1 July 2023, the SEAI plug-in grant for personal purchase of a vehicle with a base price below €60,000 will be set at a maximum of €3,500, down from the current maximum of €5,000. This excludes any price adjustments that bring the price of the vehicle below €60,000.
• From 1 January 2023, the Benefit-in-Kind (BiK) tax relief applies on a sliding scale effective until 31 December 2025. Electric vehicles qualify for the lowest BiK rate which varies between 9% - 22.5% depending on the number of km driven in a year.
  
  The BiK calculation uses the Original Market Value to calculate how much tax is due. A €35,000 tax relief threshold is applied in 2023, which reduces the Original Market Value of the vehicle so that less tax is due. This tax relief reduces to a €20,000 threshold in respect of vehicles made available in the 2024 year of assessment and €10,000 in respect of vehicles made available in the 2025 year of assessment. Tesla drivers whose employers cover the cost of installing home charging facilities will also benefit from a BiK exemption on those expenses. Learn more.
• Lowest VRT tax band (7%)
• Low annual road tax of €120
• Accelerated Capital Allowance Scheme permitting write off of up to €24,000 of capital investment within one year
• 20% of VAT can be reclaimed on a passenger vehicle with:
  • At least 60% business purposes
  • First registration on or after 1 January 2009
  • CO2 emissions of less than 156g/km

Further clarification on the application of any benefit or incentive should be discussed with your financial advisor given your specific business and accounting circumstances. This information is provided in good faith and is not to be considered financial advice, and it is the users’ responsibility to observe all applicable laws and regulations.

This information is intended as a general summary only, the customer’s experience may vary; it is not exhaustive and should not be relied on, in whole or in part, for investment or financial decisions. The specific circumstances of any person or entity should be discussed with the relevant financial advisor.