What consists of the DRIVING of IRPF in electric vehicles?
If you are considering buying an electric vehicle in Spain, we have good news for you. Recently the government announced tax incentives that could make your purchase more affordable.
In this way, if you want to buy a electric motorcycle Or change your car for a more sustainable one, you could benefit from a 15% deduction in your Income Tax of natural persons (IRPF) if you buy it between June 28, 2023 and December 31, 2024.
But what exactly does this mean and how can you benefit? In this article, we will enter the tax benefits, the requirements for deduction, the maximum amount of deduction, the deduction by installation of loading point and the objectives of the deduction.
Thus, you can make an informed decision and possibly save some money in your next electric vehicle purchase.
Fiscal benefits for the purchase of electric vehicles
Here is the scoop: If you are considering buying an electric vehicle, you are about to receive a real gift. The Spanish government is offering a 15% deduction in the Income Tax of natural persons (IRPF) in your purchase.
This deduction of IRPF in electric vehicles is part of the Green Government initiative to boost the adoption of electric vehicles. Deduction applies to new and used electric cars, plug -in electric vehicles (PHEV) and hydrogen fuel cell vehicles (FCV).
In this way, the new income tax in the purchase of electric vehicles can help you save up to 3,000 euros. It is an intelligent decision for your pocket and the environment!
Requirements for IRPF deduction in electric vehicles
To qualify for tax deduction, you must buy and pay an eligible vehicle between June 28, 2023 and December 31, 2024.
Eligible vehicles include new or used cars or motorcycles with up to nine seats and a maximum weight of 3,500 kg, classified as 'zero' emissions by the DGT. This includes:
- Battery electric vehicles (BEV).
- Hydrogen fuel cell vehicles (FCV).
- Electric vehicles of extended autonomy (EREV).
- Plugable hybrid electric vehicles (PHEV) with a minimum electrical range of 40 km.
- Some electric motorcycles are also eligible, including several of our models.
You can also claim a deduction for installing a private load point, but it must be completed before December 31, 2024.
Do not forget that deduction does not apply if the car is used for commercial purposes or is purchased through lease or rental contracts.
Maximum amount of personal income tax in electric vehicles
You can reduce up to € 3,000 from your tax invoice, since this is the maximum amount of deduction based on a base of € 20,000, which includes the purchase price and associated taxes and rates.
But remember, any subsidy received from other public aid programs must be deducted from this amount. And deduction only applies to your state fiscal responsibility after other deductions.
In this way, although this incentive may not cover the total cost of your new electric vehicle, it will undoubtedly make a considerable difference.
It is also worth mentioning that if you install a private charge point at home or in a parking installation, you can claim an additional deduction of 15%, with a limit of € 600.
IRPF deduction by loading point installation
As we said, lowering the purchase price of your new motorcycle or car is possible with an additional deduction of 15%, although there is a limit of € 600.
The same conditions apply as for the purchase of the vehicle; But be careful, in this case the cash payments are not eligible.
As for the times, you have until December 31, 2024 to complete the installation. If you later use the load point for commercial purposes, you must return the deduction through a complementary tax declaration.
This incentive is part of Spain's impulse towards a greener future, promoting change to electric vehicles. Remember, however, that this deduction is subject to the availability of assigned funds, so it takes full advantage while it lasts.
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OBJECTIVES OF THE DEDUCTION OF IRPF in Electric Vehicles
We will enter the objectives behind these deductions. And it is that the Spanish government is using this deduction as a powerful tool to encourage the adoption of electric vehicles.
By reducing the total cost for you, as a buyer, more people are expected to feel encouraged to choose electric.
Because? All this is part of a broader strategy to make the transition to a greener and sustainable transport system, aligning with the European Union objectives of reducing greenhouse gas emissions and promoting clean energy.
This deduction is expected not only to increase the demand for electric vehicles in Spain, but also support the development of the electric vehicles industry.
And let's not forget the positive impact on our environment, helping to reduce air pollution and dependence on fossil fuels.
So, if you are planning to buy an electric vehicle in Spain, great savings await you. Therefore, if you were considering buying an electric car, now it is the perfect time to do so.
In addition, you will contribute to the adoption of clean energy and the development of a system of Sustainable mobility. We hope you make the best decision for you and your family!
Think Electric, Think Next!