Not quite right.
Firstly, the reduction in VAT is across the board, not just car purchases.
Secondly, it is not a scrappage system as there is no need to hand a car in.
For electric cars, the support is €9,000 for cars with a list price up to €40,000. Above that figure it reduces to €7,500 with a cutoff at €65,000. Plug in hybrds are supported by €6,750 and €5,625 in the same way. There are also benefits for road tax (zero) and support for installing a charging point.
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