Summary Table - Deductions for the purchase of electric vehicles and charging points

• New.
• Included in any of the categories and types established in DA 58 of the Personal Income Tax Law .
• Not affected by economic activity.
• Registered for the first time before 31.12.2024, or in the case of acquisition through several payments, before the end of the second tax period immediately following the one in which the payment of the amount on account was made.
• Whose sale price (before VAT or IGIC) does not exceed the maximum amounts of Annex III of Royal Decree 266/2021, of April 13 (MOVES III).

• End before 31.12.2024.
• On a property owned by the taxpayer.
• It does not affect economic activity.

1. In case of acquisition by a single payment: It will be carried out in the tax period of registration .

2. In case of acquisition through several payments: It will be carried out in the tax period in which the first payment on account is paid, which must have been made between 30.06.2023 and 31.12.2024, provided that, in addition:

   • represents at least 25% of its acquisition value and,

   • the remainder is paid and the vehicle is purchased before the end of the second tax period immediately following the one in which the first payment was made.

In tax period in which the installation ends.

If the installation ends in a tax period after the one in which amounts were paid for such installation, the deduction will be made in the latter taking into account the amounts paid from 30.06.2023 to 31.12.2024.

The acquisition value of the vehicle, including expenses and taxes inherent to the acquisition. 

The amounts that have been subsidized or are going to be through a public aid program will be deducted from the base.

Amounts paid between June 30, 2023, and December 31, 2024, by credit or debit card, bank transfer, personal check, or deposit into accounts with credit institutions, excluding deliveries of legal tender. .

The amounts paid for the installation of the charging systems will be considered as the necessary to carry it out, such as the investment in equipment and materials, installation costs thereof and the works necessary for its development.

The amounts that would have been subsidized through a public aid program will be deducted from the base.