Calculate when your electric car starts to be profitable compared to a gasoline one, applying MOVES III aid and personal income tax deductions in Spain.
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Spain has a very advantageous fiscal and subsidy framework to encourage the purchase of electric vehicles (EV) and the installation of domestic charging infrastructure. These are the key financial pillars for your calculation:
It is the reference state aid. For electric passenger cars such as the BYD Atto 3, it grants €4,500 direct discount (which rises to €7,000 if you hand over a combustion car over 7 years old for scrap). Remember that this aid is taxed in the income tax return as a capital gain.
One of the most powerful tax measures in Spain. Allows you to deduct 15% of the purchase value of the electric car on your income tax return up to a maximum of €20,000 of the purchase base (that is, a direct deduction in your tax payment of up to €3,000 net).
As with the car, you can deduct 15% of the total installation cost and acquisition of the domestic charging point (Wallbox, wiring, bulletin board and labor) with a maximum base of €4,000 of expenditure (which represents up to an additional €600 net deduction).
Electric vehicles are exempt from Registration Tax throughout Spain and enjoy discounts of up to 75% on the Circulation Tax (IVTM) depending on the municipality. In addition, EV maintenance (without oils, engine filters, spark plugs or belts) is approximately 45% cheaper in the long term.