{"id":15190,"date":"2023-04-17T15:52:50","date_gmt":"2023-04-17T15:52:50","guid":{"rendered":"https:\/\/www.accountable.de\/deductions\/electric-car\/"},"modified":"2023-04-17T15:52:50","modified_gmt":"2023-04-17T15:52:50","slug":"electric-car","status":"publish","type":"deduction","link":"https:\/\/www.accountable.de\/en\/deductions\/electric-car\/","title":{"rendered":"Deduct an electric car"},"content":{"rendered":"\n

Electric cars are the winning choice when it comes to tax deductibility<\/h2>\n\n\n\n

You may have noticed a number of self-employed professionals buying or leasing electric cars, despite the fact that their price is generally higher.<\/em><\/p>\n\n\n\n

The reason is simple: the ultra-favorable deductibility of these vehicles, and their relative equipment!<\/p>\n\n\n\n

For vehicles purchased before 1 January 2020, the deduction was 120%.
Deductibility is now 100% for vehicles purchased from 2020 onwards.<\/p>\n\n\n\n

Only from 2031 does tax deductibility decrease significantly, to a maximum of 67.5%. So you still have some time to purchase a tax-advantaged company car <\/em>\ud83d\ude09.<\/p>\n\n\n\n

Hybrids vs. fully electric vehicles<\/h2>\n\n\n\n

The deductibility of hybrids is not the same as that of fully electric vehicles and, since 2023, the appeal of hybrids has been seriously reduced, at least from a tax point of view.<\/em><\/p>\n\n\n\n

For hybrids purchased between 2018 and 1 July 2023, the deductibility was given by the following formula, which depends on the CO2 emissions of your hybrid car:<\/p>\n\n\n\n

120% - (0.5% x CO2\/km)<\/pre>\n\n\n\n
For hybrids purchased after 1 July 2023, the deductibility will be capped at 75% and this rate will be further reduced in 2026, 2027 & 2028 (see details<\/a>).<\/p>\n\n\n\n
Charging points get a tax-deductible boost<\/h2>\n\n\n\n
Since 1 September 2024, charging stations for electric vehicles have been 100% tax deductible thanks to the increased investment rate. This rate will remain in effect until the end of 2029, before decreasing to 75% from 2030 onwards.<\/p>\n\n\n\n
The conditions for claiming this deduction are as follows:<\/p>\n\n\n\n
    \n\n
  • The charging point must be depreciated on a straight-line basis over at least five taxable periods,<\/li>\n\n\n
  • The charging point must be acquired as new or made up as new,<\/li>\n\n\n
  • The charging point must be accessible to the public and freely accessible to any third party at least during the company\u2019s usual opening or closing hours,<\/li>\n\n\n
  • The charging point must be intelligent.<\/li>\n\n<\/ul>\n\n\n\n
    The cost of electricity is also fully deductible<\/h2>\n\n\n\n
    All costs relating to your vehicle follow the same deductibility rules: maintenance, insurance, accessories, registration tax, etc.<\/p>\n\n\n\n
      \n\n
    • The electricity used to recharge your electric vehicle is therefore 100% deductible (if your vehicle was purchased after 2018).<\/li>\n\n\n
    • Electricity from your hybrid purchased after 1 July 2023 will be deductible at a maximum of 75%. Worse still, the cost of buying their fossil fuel will be deductible at a maximum of 50%.<\/em><\/li>\n\n<\/ul>\n\n\n\n
      This is precisely why electric vehicles are so interesting from a tax perspective \ud83d\ude09.<\/p>\n","protected":false},"featured_media":0,"template":"","deduction_tag":[549],"class_list":["post-15190","deduction","type-deduction","status-publish","hentry","deduction_tag-vehicle"],"acf":[],"yoast_head":"\nDeduct an electric car | Accountable<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.accountable.de\/en\/deductions\/electric-car\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Deduct an electric car | Accountable\" \/>\n<meta property=\"og:description\" content=\"Electric cars are the winning choice when it comes to tax deductibility You may have noticed a number of self-employed professionals buying or leasing electric cars, despite the fact that their price is generally higher. 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