Nevo, in partnership with Bank of Ireland, has launched the latest Electric Vehicle (EV) market report, providing a comprehensive analysis of Ireland’s evolving EV landscape and the international lessons shaping its future.

With sustained growth (+39%) in EV registrations in 2025 the report also reveals the Irish EV market’s development over the past number of years, with 2025 sales trends copper fastening a positive outlook following an industry blip in 2024, as several factors drive EV adoption;

· Better awareness levels of the positive climate impacts of electric motoring

· Competitive finance – increased access to funding enabling EV buyers to avail of competitive PCP rates

· Government support – purchasing subsidies, tax breaks and home charging grants making EVs more affordable and appealing

· Improved charging infrastructure – ongoing investment in public charging networks

Access The Nevo Electric Vehicle Marketplace Report here

Bank of Ireland’s EV financing levels continue to rise, with new lending growing by 50% in 2025, and the Bank also helping propel Ireland’s EV market forward with sixteen motor brand partnerships accounting for 42% of all new EV sales this year.

The report also reveals that Irish consumers now have more choice than ever in choosing an electric vehicle. Recent market entrants like BYD, XPENG, smart, and Leapmotor have all debuted several new models in 2025, while affordable options like the Dacia Spring, Hyundai INSTER, Citroën ë-C3 and Renault 5 E-Tech are providing more affordable access to electric motoring.

Bank of Ireland’s sustainability-related lending grew to €16.5 billion at the end of September 2025, achieving its end-2025 objective of €15 billion ahead of schedule. The Bank is targeting €30 billion in sustainability-related lending to households and businesses by 2030.

Speaking at the launch of the Nevo EV Market Report, Derek Kavanagh, Head of Motor Finance at Bank of Ireland said: “Bank of Ireland is proud to support the continued growth of Ireland’s electric vehicle market, a sector we have long championed. The insights from Nevo’s latest EV market report highlights the importance of how the alignment of well-designed electric vehicle motoring policy with industry and financial support can help unlock large scale adoption. With tailored financial solutions Bank of Ireland is helping individuals and businesses embrace the environmental and economic benefits of EVs, and as we continue our successful partnership with Nevo we look forward to playing our part in enhancing Ireland’s electric vehicle future.”

Simon Andreucetti, Managing Director of Nevo, shared: “As Ireland’s only dedicated EV platform, Nevo is seeing first-hand the momentum building across the electric mobility sector. The Nevo Electric Vehicle market report clearly demonstrates the pace of change, strong EV sales growth, wider model choice and a more confident and informed consumer. What stands out most is the increasing role collaboration plays in sustaining this progress.”

“Our partnership with Bank of Ireland is a prime example of what can be achieved when industry, finance and consumer education align behind a shared goal. By combining Nevo’s audience, expert EV market insights and educational content with Bank of Ireland’s leadership in EV financing, we are helping to remove barriers, simplify decision-making and support both consumers and businesses as they transition to electric motoring.”

“As EV adoption continues to grow, joint initiatives like these will be essential in driving awareness, improving understanding and ensuring Ireland remains on a strong EV trajectory. We look forward to continuing working with Bank of Ireland as we help shape a more sustainable and competitive automotive sector.”