Deduction for the acquisition of plug-in electric vehicles

What is the deduction percentage and in which tax period does it apply?

There are two alternatives and you must choose one of them:

• If you purchase the vehicle between June 30, 2023 and December 31, 2026, you can deduct 15% of the purchase price.

  In this case, you must apply the deduction in the tax period in which you register the vehicle.

• If you make payments, from June 30, 2023 to December 31, 2026, on account of the future purchase of the vehicle that represent at least 25% of the acquisition value, you can claim a deduction of 15% of the acquisition value.

  The payment of the remaining amount and the purchase of the vehicle must be made before the end of the second tax period immediately following the one in which the payment of said amount was made:

  • If you made payments in 2024 that amounted to at least 25% of the vehicle's purchase price, you will have until December 31, 2026 to pay the remaining amount and acquire it.

  • If you made payments in 2025 that amounted to at least 25% of the vehicle's purchase price, you will have until December 31, 2027 to pay the remaining amount and acquire it.

  • If you make payments in 2026 that represent at least 25% of the vehicle's purchase price, you will have until December 31, 2028 to pay the remaining amount and acquire it.

  • If you made payments in 2024 and also in 2025 to reach 25% of the purchase price, you will have until December 31, 2027 to make the payment of the remaining amount and acquire it.

  • If you made payments in 2025 and also in 2026 to reach 25% of the purchase price, you will have until December 31, 2028 to make the payment of the remaining amount and acquire it.

  In this case, you will make the deduction in the tax period in which the amount paid on account reaches 25% of the purchase price.