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Is Electric the Road Ahead?

At present, electric vehicles are exempt from vehicle registration tax.

Published: 31-Dec-2008

The Irish Government’s recently announced target of having 10 per cent of all registered vehicles running on electric power by 2020 seems a little far-fetched.

This means converting more than 250,000+ vehicles from being run on petrol or diesel currently to being powered by a full electric power system.

As part of the incentive to get interest in the proposal, the Government will be offering a 100 per cent write-off for businesses using these vehicles in a new accelerated capital allowances scheme. The move to electric cars is not that simple but, more crucially, is it the right direction to go?

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Ray Lane, managing partner of venture-capital firm Kleiner Perkins, Caufield and Byers, which has invested in Think, believes Think could eventually sell as many as 30,000 to 50,000 City cars a year.

The production electric vehicle to be introduced in 2010 will have a unique bodystyle and is not based on any existing Nissan model, unlike the technology 'mule' pictured above.

The 100-mile range electric car has been operating with Japanese power companies for the last two years.

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