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SIMI President Alan Greene comments on Budget 2017

11 October 2016

Alan Greene SIMI President
Alan Greene SIMI President comments on Budget 2017
"The Budget today was a careful and conservative one which has not increased the taxation burden on most consumers and will deliver some increase in take-home pay with the USC reduction. For the Motor Industry, the good news is that electric vehicle VRT and SEAI Grant supports have been extended for 5 years while those for Hybrid and Plug-in Hybrid vehicles have been extended for 2 years. While there were no additional supports provided for in relation to seeking to increase the level of electric car sales there was also no increase in taxes on diesel fuels or on diesel vehicles as had been mooted by some commentators. Overall we would have to see it as a satisfactory Budget that has focused on stability and carefully supporting the continuing process of recovery in the new Brexit-dominated economic situation."