I suppose the lads who are serious about getting a new car have access to cash or loans.To get the 20k off the NTA you need to borrow or have the full price of the car already.At least 33/40k.
I think the NTA send the money after it's plated up.Not many would be eligible for a loan that size.
I was wondering the same. Not many can pony up €30-40k in this environment and hope they'll get some of it back later on.
The application notes say not to buy the car before you get the grant. So maybe the grant is a cheque of sorts and you go in with your 'cash' and your grant letter. And once the money clears, the garage releases the car to you?
The NTA warn people not to buy the vehicle until the grant is 'approved' because there is no guarantee you will be approved, like for example the closing date passes or the total budget for grants has been issued.
(Don't think that ever happened except in first year).
Once you are 'approved' you can buy or finance the vehicle safely knowing the funds will issue as long as you comply with terms and conditions of the offer. Like approved vehicle, conditional offer, wheelie training etc.
Some of the wheelie motor dealers were clued into the grants and took it off the price and processed the grant directly with NTA. Sort of like a deposit. Not sure how many e-vehicle dealers will be up to speed for a while.
I am in the middle of the process right now for a wheelie grant.