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Germany Publishes Law on Further Tax Incentives for Electromobility and Other Tax Changes

|Approved Changes|Germany
Germany

Germany published the Law on further tax incentives for electromobility and changes to other tax provisions in the Official Gazette on 17 December 2019. Some of the key measures of the law include the introduction of special depreciation for newly acquired electric delivery vehicles equal to 50% of the acquisition cost in the year of acquisition, as well as an extension to the end of 2030 of the tax exemption on charging electric vehicles for employees, the 50% tax reduction for private use …

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