Electric.ie July/August Edition

ELECTRIC.IE • The Magazine & Website for the Irish Electrical Industry • 61 Industry News Bill as a measure to increase Ƥ residential developments. Not only will HBFI contribute to addressing the current shortfall in the supply of new housing, but it Ƥ to medium-sized developers with viable sites in locations that are currently not receiving adequate investment." Strategic Investment Fund (ISIF) from which it will lend, on commercial terms, to developers ƥ obtaining adequate funding for commercially viable residential projects. With this funding it is estimated that HBFI could have capacity to fund in the region of 6,000 homes in the coming years, Ƥ to addressing the current shortfall in residential supply in the market. Passage of the legislation is a priority for the Government and the Bill will now commence through the Houses of the Oireachtas. Minister Donohoe stated: "I welcome the publication of the Home Building Finance Ireland M inister for Finance, and Public Expenditure and Reform, Paschal Donohoe, received Cabinet approval on Tuesday for the publication, in the coming days, of the Home Building Finance Ireland (HBFI) Bill 2018. ơ announced in October as part of Budget 2018 for the establishment of a new body; the purpose of which is Ƥ for residential developments within the State. Minister Donohoe was joined today by the Minister for Housing, Planning and Local Government, Eoghan Murphy, in making the announcement. HBFI will receive funding of up to €750 million from the Ireland Home Building Finance Ireland will increase the supply of funding for residential development The Minister concluded: "We are starting to see a steady rise in EV numbers; this can be attributed to improved technological developments and increased battery ranges alongside continued generous Government supports to reduce purchase and running costs. There are now over 5,000 electric vehicles in Ireland, over a 1,000 of which were registered in 2018 alone." Visit www.etoll.ie for further details on the scheme terms and conditions and how to avail of the toll refunds available. This new scheme will yield additional savings to EV motorists, with the potential for eligible private car owners to accumulate up to €500 in toll savings per annum, and up to €1,000 in savings for goods vehicles. There will be a 50% toll discount for battery electric vehicles (BEVs) and a 25% toll discount for plug-in hybrid vehicles (PHEVs), with higher levels of discounts available across certain toll roads ơǦ Ǥ EV motorists can avail of the discount by signing up for an EV tag with an approved Toll Tag Provider. Drivers who already hold a toll tag account will be contacted by their current tag provider with details on how to transfer into the scheme." T he Electric Vehicle Tolling Scheme opened for applications on 27 th June (see www.etoll.ie for details) The Minister for Transport, Tourism and Sport, Shane Ross, has Ƥ incentive for electric vehicles (EVs). The scheme, which will bring a discount in toll fares to EV drivers, ơ ͝ st July 2018. Remarking on the scheme today, the Minister stated: "I am delighted to launch the new EV tolling scheme. This incentive is integral to the series of Governmental support measures aimed at promoting a low-carbon transport future. Electric Vehicle Tolling Scheme ർ EV owners can avail of toll discounts from 01 July 2018.