Ireland’s year-on-year growth in publicly accessible EV chargers has seen a significant drop in Q3 2023, falling by 111 percentage points compared to Q3 2022.
That’s according to new data from Cornwall Insight, which has warned that the decline in the number of EV charging points being installed is a cause for concern as it could act to slow down the country’s EV transition. However, there are some positive signs that Ireland could be on track to regain momentum in 2024.
According to the Electric Vehicle Country Attractiveness (EVCA) Index, Ireland’s network of public chargepoints is now within the estimated 2,540-4,850 needed by 2025. However, the recent slowdown in growth could put the country at risk of falling behind its target.
The Irish Government has taken some positive steps to support the EV market, including extending vehicle registration tax relief and benefit-in-kind tax rates for BEVs until 2025. These incentives could help to boost demand for BEVs and encourage the development of new charging infrastructure.
In addition, the Government is developing a national delivery plan for en-route charging, which is due for release in late 2023. This plan is expected to outline a strategy for increasing the number of charging points along major roads and motorways.
If these measures are successful, Ireland could be well-placed to achieve its EV goals. However, it is essential that the Government continues to invest in infrastructure and incentives to maintain momentum.
Jamie Maule, Research Analyst at Cornwall Insight, noted, “Ireland’s recent slowdown in EV chargepoint growth is a reminder that we cannot rest on our laurels when it comes to EV adoption. Any dip could derail the transition, and with Ireland’s EV programme at an earlier stage than many major European countries, it is essential they keep up momentum.”
Chris Pritchett, Energy and Infrastructure Partner at Shoosmiths, added, “Ireland’s Budget 2024 and a national delivery plan for en-route charging could, by offering tax relief and incentives for BEV owners, provide a much-needed boost to the country’s EV transition, following a slower growth in public charging infrastructure this quarter. The transition is all about maintaining momentum and confidence, and whilst we are seeing new EV hubs being deployed by the likes of Weev, Instavolt and Fastned, greater speed is needed to keep Ireland in the race.”