Retention of aspects of the benefit in kind rules for motor vehicles has prompted an increasing volume of businesses to seek out car finance for electric vehicles, analysis from Bank of Ireland shows. That compares to 28 per cent of all car loans last year going to business customers with 72 per cent for personal customers. Business customers fund roughly €4,000 more than personal customers, the data shows. Diesel carsSpeaking to The Irish Times, Mr Healy noted that about 60 per cent of electric vehicles sold were in cities. Diesel car sales, meanwhile, accounted for about 65 per cent of sales in rural environments.

Source: The Irish Times July 15, 2019 03:33 UTC