Figures from the Society of the Irish Motor Industry this week showed that electric car sales are in reverse, falling by 14 per cent year on year in March. This compared with double digit increases in the sales of petrol and hybrid car. Even diesel sales rose by 9 per cent.
Meanwhile a survey by AA Ireland found that half of the 1000 respondents would not opt to buy an electric car.
Why the hesitance to go electric? And what can be done to incentivise people to buy EVs?
Irish Times motoring editor Michael McAleer joins host Ciarán Hancock in studio to explain why EV sales are going in the wrong direction.
Mick Bailey returns to board of property group Bovale having previously been disqualified as a company director
Meta Ireland staff seek legal advice over latest job cuts at tech giant
Storm Éowyn causes €500m damage to forests
The Irish connection to Banksy’s painting that’s expected to fetch as much as €6m at auction
Also on this week’s episode of Inside Business, Irish Times economics correspondent Eoin Burke-Kennedy discusses the drop in Irish inflation for March, where it fell below 2 per cent for the first time in three years. Could this persuade the European Central Bank to begin cutting interest rates from June? And what might it mean for mortgage rates?
Produced by John Casey with JJ Vernon on sound.
