Recent data from the Central Statistics Office (CSO) reveals a 25% decline in new electric vehicle (EV) registrations in Ireland last year, with only 16,786 units licensed during the first 11 months of 2024, compared to 22,249 in the same period in 2023.
This downturn in EV sales and registrations is likely attributed to several factors, including reduced government incentives, limited charging infrastructure and consumer concerns around vehicle range and cost. The Society of the Irish Motor Industry (SIMI) has expressed concerns over the impact of these challenges on the nation’s transition to sustainable transportation.
Despite the overall decline, certain electric vehicle models continue to gain popularity among Irish consumers. The Volkswagen ID.4, for instance, has emerged as the most popular EV on Irish roads in 2024, with 8,450 units registered. Other top-selling electric vehicles include the Nissan Leaf (8,340 units), Tesla Model 3 (5,250 units), Hyundai Kona (4,040 units), and Volkswagen ID.3 (3,890 units).
John Kennedy, Managing Director of KennCo Insurance, said of the decline, “The 25% decline in electric vehicle sales in 2024 is a significant shift in the market, highlighting the need for a comprehensive approach to address the challenges facing EV adoption in Ireland.”
About KennCo Insurance
KennCo Insurance, established in 2008, operates as a part of KennCo Underwriting Limited, which has risen to become one of Ireland’s largest underwriting agencies. Proudly based in Rathfarnham, Co. Dublin, we are committed to supporting the adoption of electric vehicles through tailored insurance products and services.
KennCo Underwriting Ltd T/A KennCo Insurance is regulated by The Central Bank of Ireland.