The government approved on Tuesday 15% personal income tax deduction when buying an electric car a new one that will last until the end of 2024. This is a bonus that already exists in the four autonomous communities that collect it as a deduction from the regional part. However, it is not clear at the moment in the Treasury whether the buyer of an electric car who lives in one of the regions where it already exists will be able to take advantage of both deductions, i.e. 15% of the state section and 15% of the regional section, or if exceptions are included to block doubling the discount.

According to data released by the Ministry of Finance on Tuesday, a taxpayer who bought a new electric car will appear in the next year’s income statement section that will allow you to deduct 15% of the amount paid. But the buyer will be able to benefit not only if he bought the car by paying in full, but also if he paid the seller at least 25% of the price of the car. In this case, the deduction will apply to this amount in the period in which this advance was paid. It should also be taken into account that the maximum deduction base is 20,000 euros.

Other bonuses related to electromobility

But this conclusion is not the only one that concerns electric vehicles of the recently approved royal macro-decree. Individuals can also deduct 15% personal income tax what they spent setting up charging points in property belonging to them, provided that they do so by December 31, 2024. At this time, the Treasury has not detailed the maximum base for this deduction, but has clarified that only those who do not benefit economically from this facility can benefit. .

What companies and freelancers will be able to use is early corporate tax amortization if they establish these points, which are added to the already existing ones for the purchase of electric vehicles for this type of beneficiaries. In this case, this will affect installations carried out in 2023, 2024 and 2025.

The deduction is distributed at the regional level

Sanchez’s initiative has been criticized by many economists because it it is a regressive measure – it only benefits high incomes and is therefore not redistributive, but rather the opposite. Experts point out that this type of assistance does not contribute to the purchase decision, since the tax relief of about 3,000 euros does not matter to the car buyer. Those who cannot afford it will continue to choose a different type of vehicle, and those who have already considered buying an electric one will continue their decision with that money in their pocket.

But this conclusion This is already common in several Autonomous Communities, although each of them defines certain conditions. In addition, usually it is specifically 15%, as it will now appear in the state deduction. Sources in the Ministry of Finance insist that the new measure does not affect regional taxation, since in the case of regions, the deduction affects the regional rate.

So, in the case of Asturias, taxpayers can receive a deduction for the purchase of an electric vehicle if it is new and falls into the plug-in and fuel cell category. In particular, these may be passenger cars with no more than eight seats, vans or light trucks not exceeding 3.5 tons, quadricycles and motorcycles, always subject to certain technical conditions. As also stated in the state, the vehicle cannot be used for the development of economic activities. However, there is a difference, in that in this case the maximum deduction base is 50,000 euros per vehicle, and it is also temporary: it only applies in 2022 and 2023.

Instead of, Rioja indicates that the amount of the purchase of a vehicle cannot exceed 50,000 euros, this also includes electric bicycles. It also sets a maximum franchise limit of €300 for vehicles other than bicycles and €225 for bicycles. Something similar happens in Castile and Leon if the value of the vehicle cannot exceed EUR 40,000 and the maximum deduction is EUR 4,000.

Finally, just in the case Navarre, allowing a deduction of 30% for the purchase of electric vehicles and 5% for plug-in hybrids, as specified in official legislation. In this case, the deduction base varies from 32,000 to 1,500 euros in the case of electric bicycles.