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Practical manual for Income Tax 2024. Volume 1
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Time scope, purpose, tax period in which it applies and amount of the deduction

Regulations:Additional Provision fifty-eighth.1, 2 and 4 Law IRPF

Temporal scope of the deduction

The deduction is applicable to the acquisition of certain new “plug-in” electric vehicles and fuel cell vehicles, made from on June 30, 2023 to on December 31, 2024 , provided that the conditions and requirements indicated in the following sections are met.

Purpose of the deduction and tax period in which the deduction is applied

The object of the deduction is the purchase by the taxpayer of a single new electric vehicle , in any of the following circumstances:

  1. Purchase by one-time payment:

    In this case, the deduction will be applied in the tax period in which the vehicle is registered and will be applied by the taxpayer in whose name the vehicle is registered. 

    Thus, in cases where the vehicle's first registration in Spain was not in the name of the taxpayer, but in the name of the dealer, the aforementioned requirement would not be met, and therefore the deduction for the purchase of new electric vehicles cannot be applied.

    It would also not apply to the purchase of a used vehicle abroad, registered in Spain in 2023 or 2024, as it is a used vehicle.

    Acquisition of vehicles by a married couple under a community property regime

    In the case of married couples under a community property regime, provided the required conditions are met, the deduction will be applied exclusively to the spouse in whose name the vehicle is registered, regardless of whether it was purchased with community property funds.

  2. Purchase through an initial payment on account and subsequent payments:

    In this case, taxpayers may claim the deduction when they pay, between June 30, 2023, and December 31, 2025, an amount on account for the future acquisition of the vehicle that represents at least 25% of its acquisition value. The remainder must be paid and the vehicle acquired before the end of the second tax period immediately following the one in which the payment of such amount was made.

    In this case the expression “acquisition value” refers to the sale price of the vehicle. Therefore, it is sufficient that the amount paid on account represents 25% of the sale price of the vehicle.

    The deduction will be made in the tax period in which the amount is paid on account.

Remember: The taxpayer may apply the deduction for a single purchase of any of the vehicles listed in section “ requirements and conditions for its application ” and must opt in relation to the same to apply the provisions in letter a) or b) above.

Base and maximum base of the deduction

The basis for the deduction will be the acquisition value of vehicle , including the expenses and taxes inherent to the acquisition. 

However, any amounts that have been subsidized or are to be subsidized through a public aid program will be discounted.

The maximum annual base for this deduction will be 20,000 euros

This limit is identical for individual and joint taxation.

Percentage of deduction

The deduction percentage applicable to the deduction base, in the terms discussed above, is 15 percent of the acquisition value of a new electric vehicle.