New German Tax Policy must help companies with plug -in car

Mercedes-Benz EQB

The German government wants to make it more attractive for German companies to switch to a fully electric car. The Ministry of Finance therefore plans to change the tax rules, reports dpa based on a bill that the press agency has reviewed.

The scheme should apply to electric cars purchased between July this year and December 2027. Companies that then buy a new electric car can deduct 75 percent of the costs from the tax in the year of purchase, according to the plans. In the following year, another 10 percent could be deducted, and in the two to five years after that, gradually the remaining share of the purchase price.

Incidentally, fully electric cars are already relatively popular with the German public. Germany was the largest market for fully electric cars within the European Union in April, the European Automobile Manufacturers’ Association ACEA reported earlier this week. For example, more than 45,000 plug-in cars were registered in Germany in April, an increase of almost 54 percent compared to the same month last year.

The figures from ACEA show that more than 9,000 fully electric cars were registered in the Netherlands in April. That was almost 2 percent more than a year earlier.

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top