Society of the Irish Motor Industry Reaction to Budget 2026

“While the Government has extended VRT relief on electric vehicles for another year, it is extremely disappointing that they did not do more to support the Electric Vehicle market. In particular, the changes to the Benefit in Kind (BIK) relief will mean a tax increase for many EV company drivers next year. EVs are still an emerging market, and in this context, we feel the 2025 thresholds could have been extended beyond the end of this year.”