Ireland to adopt CO2-based vehicle registration taxes

Ireland looks set to join the rush to switch their vehicle registration taxes to a system based on CO2 emissions. Currently, Irish registration fees are based on engine size. The engine size determines what percentage of the car's value has to be paid as a registration fee. Starting July 1, 2008, Ireland will begin using the same CO2 emissions bands as the UK with Band A being cars with less than 120 g/km of emissions. Band A car drivers will only have to pay a 14 percent tax while drivers of Band G cars (over 226 g/km) will have to pay 36 percent. Starting January 1, series production electric cars will be exempt from the registration tax altogether.
[Source: Auto Industry UK]

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