New state aid for electric vehicles: 15% personal income tax can be deducted

This was stated by Prime Minister Pedro Sanchez during an interview in Be future statement 15% personal income tax deduction (IRPF) Por buying electric vehicles. It is a measure to encourage sustainable mobility and, in turn, move further towards a “green transition to face the climate emergency”.

Although the measure must be finally approved by the Council of Ministers, which will take place on Tuesday 27 June, Sanchez confirmed that this is a prearranged decision. “This is what we have already developed in the addendum that was presented to the European Commission,” he said. Therefore, there is no risk that the 15% personal income tax deduction for the purchase of electric vehicles will remain in the air.

At the moment yes details unknown about this new measure aimed at promoting electric mobility. It is not clear, for example, whether this measure only covers 100% electric vehicles or also plug-in hybrids. Or if there is a restriction when buying a car so that the user can deduct these 15% IRPF.

The government already has measures to stimulate the purchase of electric vehicles

We also have to consider that the Spanish government already has a measure to encourage the purchase of electric vehicles: the Moves 3 plan. assistance in the amount of 4500 euros to 7000 euros (depending on whether you recycle your vehicle or not) for the purchase of those electric or plug-in hybrid models whose value does not exceed 45,000 euros (excluding VAT). This is a plan for which the government initially allocated 800 million euros. While this figure has risen to €1,200 million, of which €850 million has already been distributed, according to Spanish.

The Moves plan, for example, allows you to purchase a rear-wheel drive Tesla Model 3 for €39,200 if the user sells their previous car for scrap. The official price of this model is 46,200 euros.

Dont clearOf course, if a 15% reduction in personal income tax on the purchase of electric vehicles will be compatible with the Moves 3 plan. In any case, the new measure will be valid until December 31, 2025, which was confirmed by the Prime Minister.