Enjoy a new electric car or plug in hybrid.
With our competitive loan rate* for new electric cars and SEAI grants, we'll make it affordable to drive electric.
Why buy an electric or plug in hybrid car?
To pollute less, reduce motoring costs and drive the latest technology, go electric! Electric and plug in hybrid cars are cheaper to buy, fuel and maintain.
Motoring costs
74% cheaper than comparable new diesel cars**
Grants
Up to €5,000 for new cars and €600 for a charger unit
Lowest road tax
Annual road tax of €120
Toll discounts
50% for electric and 25% for plug in hybrid vehicles
How do I pay for an electric car?
Visit car dealers
Do a few test drives and get a quote for your new electric car.
Use the grant
On purchase, your car dealer will deduct the available grant from the final price.
Calculate electric car loan repayments
Repayments on a loan of over would be
€
per month
Based on a €5,000 fixed rate loan over 3 years, the monthly repayments would be €156.91. The rate would be 8.1% fixed nominal interest rate. The Annual Percentage Rate (APR) would be 8.4%. The total cost of credit would be €648.85. The total amount repayable would be €5,648.85.
Based on a fixed rate loan
over , the monthly repayments would be €. The rate
would be % fixed nominal interest rate. The Annual Percentage Rate (APR) would be %. The total cost of credit would be €. The total
amount repayable would be €.
Our interest rates
| Loans from |
Fixed interest rate |
APR |
| €20,000+ |
7.7% - 13.2% |
8.0% - 14.0% |
The interest rate you pay is determined by your loan amount, financial profile and credit history once your application has been reviewed.
What electric car grants are available?
| List Price of Car |
Grant |
| €14,000 to €15,000 |
€2,000 |
| €15,000 to €16,000 |
€2,500 |
| €16,000 to €17,000 |
€3,000 |
| €17,000 to €18,000 |
€3,500 |
| €18,000 to €19,000 |
€4,000 |
| €19,000 to €20,000 |
€4,500 |
| More than €20,000 |
€5,000 |
| Home Charger Grant |
€600 |
Things to know
Compare electric cars with petrol and diesel to see how much you can save in annual costs and emissions on the
SEAI website.
Find out everything you need to know about electric car grants, how to apply, and additional incentives on the
SEAI website.
Find out everything you need to know about an electric car charger grant, how to apply and additional considerations on the
SEAI website.
* Lending criteria, terms and conditions apply. Rates and loan terms are correct as of 29 July 2020 and are subject to change. Source: CCPC.ie. Rate is dependent on your financial profile and credit history. Maximum APR (Annual Percentage Rate) is 14.0%. Minimum loan term is 1 year and maximum term is 7 years for Electric Car loans. On a €20,000 loan over 5 years, at a fixed nominal rate of 7.7% (8.0% APR) you will pay €402.66 a month. Total cost of credit €4,159.75. Total amount repayable €24,159.75.
Warning: If you do not meet the repayments on your credit agreement, your account will go into arrears. This may affect your credit rating, which may limit your ability to access credit in the future.
Central Bank Compliance
Avantcard DAC trading as Avant Money is regulated by the Central Bank of Ireland
An Post acts as a credit intermediary on behalf of Avantcard DAC. An Post trading as An Post Money is authorised as a credit intermediary by the CCPC.
Avantcard DAC trading as Avant Money is regulated by the Central Bank of Ireland. Avantcard DAC is a designated activity company incorporated in Ireland under number 541980 and having its registered office at Dublin Road, Carrick-on-Shannon, Co Leitrim.