Microfinance Ireland backs ‘Electric’ Taxis

9 September 2021

Microfinance Ireland has today, 9 September 2021, announced that loan finance up to €25,000 is now available to support the Electric SPSV (eSPSV) Grant Scheme 2021.

The eSPSV Grant Scheme supports the uptake of electric vehicles in the Small Public Service Vehicles (SPSVs) sector (taxis, hackneys, and limousines).

However, due to COVID-19, many SPSV owners are finding it difficult to secure finance from banks and other commercial lending providers to transition to a more sustainable vehicle and avail of the grant scheme.

Microfinance Ireland can help by providing loan finance to SPSV owner operators enabling them to fund the deficit between the vehicle purchase price and the grant.

Further information can be found here: https://microfinanceireland.ie/spsv/.