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31.07.2019

Cabinet approves law on tax incentives for electric mobility

Bad Homburg. The Association of International Motor Vehicle Manufacturers welcomes the further measures adopted by the Cabinet to promote electric mobility for tax purposes. VDIK President Reinhard Zirpel commented: "The planned extension of tax incentives for electric cars until 2030 is an important signal to potential electric car buyers. Those who purchase an electric vehicle as a company car in the next ten years can be sure that they will only have to pay tax on half of the list price."

In addition, a special depreciation for electric delivery vehicles, the continuation of the tax advantages for electric charging at the employer's and the relief of trade tax were decided.

"International manufacturers have already launched a large number of electric models in Germany in recent years. Further new models will follow in the coming years. Our member companies thus continue to make a decisive contribution to the rapid growth of the electric car market in Germany," said Zirpel.

In addition, however, an overall concept of the Federal Government for the future promotion of electric mobility in Germany is necessary. These included not only taxation but also a significant extension of the environmental bonus and the exemption from motor vehicle tax. In addition, the expansion of the charging infrastructure must be further accelerated. In the private sector, hurdles in tenancy and residential property law must be removed.