Should I buy an Opel Corsa-e before 2021?

I was going to switch to an EV in the New Year. Should I now bring this forward? Was looking at an Opel Corsa-e. I get that the VRT will reduce from 14% to 7%, but this will be outweighed by the loss of the €5,000 VRT rebate? And what of the €5,000 SEAI grant? Will that still be in the equation in the New Year?

Many thanks for your guidance.

Paul, Galway

Paul Greenstreet (Clifden)

Oct 2020 Filed under: choosing new car

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Expert answer

Hi Paul,

First up, we believe that the SEAI grant is not changing for 2021.

The €5,000 VRT rebate should still be in place for the Corsa-e, as the government announced that it would be 'tapered' for EVs with an OMSP (Open Market Selling Price) of over €40,000 - up to zero rebate for EVs with an OMSP of €50,000 or more.

Hence, it won't matter if you buy the Corsa-e now or in the New Year.

Shane O' Donoghue - Complete Car Advisor
@Shane_O_D