The answer is yes, provided that the main requirements for applying the aforementioned deduction are met:
- The electric vehicle must not be used for economic or business activities.
- The amounts paid for the installation of the aforementioned charging points must be made by credit or debit card, bank transfer, nominative cheque, or deposit into accounts held with credit institutions. Under no circumstances will payments made in cash (legal tender) qualify for the deduction.
- The deduction shall be applied in the tax period in which the installation is completed.
What is the maximum deduction base and the applicable percentage?
The maximum annual base for this deduction is €4,000 and shall consist of the amounts paid, after deducting any amounts that may have been subsidized through public aid programs.
Taxpayers may deduct 15% of the maximum deduction base, i.e. up to €600.
At PLANA VENTURA GARCÉS, we are available to analyse the application of the deduction for the installation of electric vehicle charging points in your home. We will first verify compliance with the applicable requirements, with the aim of optimising the tax benefit in your Personal Income Tax (IRPF) return.
