Section 121 of the Principal Act is amended, in subsection (4A) -

(a) in paragraph (aa) -

(i) in subparagraph (ii), by the substitution of "subject to paragraph (ab), €35,000" for "€20,000",

(ii) in subparagraph (iii) -

(I) by the substitution of "€35,000" for "€10,000", and

(II) by the substitution of "December 2025;" for "December 2025.",

and

(iii) by the insertion of the following subparagraphs after subparagraph (iii):

"(iv) €20,000 in respect of a car made available in the period 1 January 2026 to 31 December 2026;

(v) €10,000 in respect of a car made available in the period 1 January 2027 to 31 December 2027.",

(b) in paragraph (ab) -

(i) by the substitution of "years of assessment 2023 and 2024" for "year of assessment 2023", and