Free amortization of electric vehicles

When filing the Corporate Tax (IS) for your company for 2025 and 2026, remember that you will be able to amortize freely and without the need to increase your average workforce the electric vehicles used for the activity that you have acquired and that have come into operation in those fiscal years (as it happened in 2024).

To do this, however, you must meet the following requirements:

• It is essential that the purchased vehicle is new (second-hand vehicles do not benefit from this incentive).
• It must be an electric vehicle, whether battery-powered (BEV), extended-range (REEV), fuel cell (FCV), fuel cell hybrid (FCHV), or plug-in hybrid (PHEV).

You can also benefit from this incentive for investments in new electric vehicle charging infrastructures –normal or high power– that come into operation in 2025 or 2026. In this case, your company must: Have the

• required technical documentation for such installation, prepared by an authorized installer and duly registered in the Integrated Industrial Registry. In addition, your company must obtain a
• completed electrical installation certificate completed electrical installation certificate by the competent autonomous community.

If your company receives any assistance for the acquisition of electric vehicles or the installation of charging points, this income can be treated as a capital grant and taxed gradually in the CIT, as you account for the asset you have acquired.

 

Our professionals will help your company optimize its taxation and make the most of the incentives approved for the acquisition of electric vehicles and the installation of charging points.