Many European countries offer fiscal support to boost market adoption of electric cars, but these tax benefits and purchase incentives vary widely, the European Automobile Manufacturers Association (ACEA) said.

In Greece, the “Kinoumai Elektrika B’ Kyklos” is implemented, a subsidy program for the purchase of electric vehicles and chargers.

Key features of the program:

INDIVIDUALS.

– 30% subsidy for the purchase of an electric car with a maximum amount of 8,000 euros.

– Subsidy of 30% and up to 8,000 euros for long-term leases, with no obligation to purchase.

– Withdrawal reward of 1,000 euros and subsidy for the purchase of a smart charger of 500 euros.

– Additional subsidy of 1,000 euros for the purchase of a car for a disabled person. Additional subsidy of 1,000 euros for families with at least 3 dependent children (1,000 euros for 3 dependent children, and an additional 1,000 euros per additional dependent child up to 4,000 euros). An additional 1,000 euros for the purchase of a car and minicar for young people up to 29 years of age. Possibility of assigning the right to collect a subsidy to the selling company.

– Subsidy up to 40% and with a maximum amount of 3,000 euros for the purchase of two-wheelers and three-wheelers of category L5e to L7e (professional electric three-wheelers and small cars).

– Subsidy of electric two-wheelers category L1e to L4e up to 30% and with a maximum subsidy amount of 1300 euros. 40% subsidy for electric bikes, with a maximum subsidy amount of 800 euros.

COMPANIES

– 30% subsidy for the purchase of an electric car with a maximum amount of 8,000 euros from 1 to 20 vehicles and 20% subsidy with a maximum amount of 6,000 euros from 21 vehicles and above.

– Withdrawal reward of 1,000 euros per vehicle and smart charger purchase subsidy of 400 euros per recharging point.

– Subsidy to courier, distribution and tourism companies for the purchase of up to 10 electric bicycles.

– 30% subsidy and up to 8,000 euros for long-term leases, with no purchase obligation for 1 to 20 vehicles and 20% subsidy and up to 6,000 euros for 21 vehicles and above respectively.

– Additional 4,000 euros per car for companies operating on islands.

– 30% subsidy with a maximum amount of 8,000 euros per car for the purchase of electric demonstration cars (test drive) from 1 to 20 vehicles and 20% subsidy with a maximum amount of 6,000 euros for 21 vehicles and more respectively.

What is happening in the rest of Europe?

Each year, ACEA provides an updated overview of tax measures for the purchase of electric cars in the 27 EU Member States. The 2023 expanded version now includes Iceland, Switzerland and the United Kingdom.

The overview reports information on tax benefits (related to acquisition and ownership, including company cars), purchase incentives such as bonus payments or premiums for buyers and incentives to develop or install charging infrastructure.

Key findings: Twenty EU member states offer incentives to buy electric cars. Seven countries do not provide any purchase incentives. However, most of them grant tax reductions or exemptions: Belgium, Bulgaria, Denmark, Finland, Latvia, Slovakia and Sweden. Estonia has introduced purchase incentives for battery electric cars. Denmark offers minimal taxes on acquisition and ownership. Bulgaria and Romania exempt electric vehicles from property taxes.