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Electromobility bill legislation

Τhe expected electromobility Bill Legislation was released for public consultation on Wednesday 17.06, while the Ministry’s objective is to be ratified by mid-July.

Key guidelines of the Βill Legislation

  • Financial and tax incentives for electromobility promotion
  • Electromobility market structure guidelines
  • Spatial and urban planning provisions for the development of electrical vehicles infrastructures

Among others the following key points are provided:

TAX INCENTIVES FOR ELECTRICAL VEHICLES

The cost of purchasing and / or leasing an electric vehicle of a value up to €40,000 is increased by 50% and the taxable income is reduced. For hybrid external charging vehicles with emissions up to 50grCO2 / km the rate will be 30%.

PRODUCTIVE INVESTMENTS SOLICITATION INCENTIVES IN ELECTROMOBILITY MARKET

  • Reduced tax rate by 5% for five profitable years
  • Increased fixed assets amortization rates allowing amortization in just three years from the commencment of operation of the unit
  • Reduction of employer contributions for each new job created

FINANCIAL INCENTIVES FOR ELECTRICAL VEHICLES PURCHASE OR LEASING

  • The purchase or lease of an electric vehicle is being subsidized
  • The replacement of old vehicles with new ones entirely electrical is being promoted

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