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Can you clarify 2021 EV taxes for business?

Hi,

My question relates to the 2021 Budget and the changes relating to BEV purchases as a company car. The information provided by the Government was particularly vague and I'm hoping that you can assist.

The proposal is to reduce the VRT rate from 14% to 7%; however it's unclear if the VRT rebate of €5,000 will remain for 2021 as there is mention of a reduction in this for cars over €40K, which basically includes the majority of normal BEVs as I believe it'll be on the OMSP. Do you know will there be any changes to the 0% BIK as I can't find any reference to this in Revenue documents, except for previous pre-2021 budget clarifications that the 0% BIK would be in place for BEVs purchased by the 31st December 2020.

Regards, Joe Boyle.