Incentives and Legislation
Incentives and legislation that aim to increase uptake of alternative fuels vehicles and infrastructure.
If you know of other national or local incentives that should be included in this section, please send us an email and let us know.
- Registration tax benefits
Electric vehicles (EVs) are exempt from the registration tax. Hybrid vehicles with a consumption up to 50 g/km have a 75 % reduction, Plug-in hybrid (PH) EVs with a higher consumption and hybrid electric vehicles (HEVs) have a 50 % reduction.
- Ownership tax benefits
Electric and hybrid passenger cars with an engine capacity up to 1 549 cc are exempt from the annual circulation tax. Hybrid cars with a higher engine capacity pay 60 % of the normal circulation tax rate.
- Company tax benefits
Companies can make use of the following tax depreciation rates when buying an EV:
- Exemption of the benefit-in-kind tax for BEVs and PHEVs emitting ≤ 50 g/km CO2 (NEDC or WLTP) with net retail price (NRP) ≤ EUR 40 000;
- Deductible of EUR 40,000 from the NRP for BEVs and PHEVs up to 50 g/km CO2 with higher NRP value.
- Purchase subsidies
Greece’s e-Mobility subsidy programme (I Move Electrically) announced in June 2020 is now becoming concrete: On 24 August 2020 a platform will be launched online where subsidies can be applied for.
Subsidies will be available for EVs (M1 and N1) purchased from 7 August 2020 onwards with up to EUR 6 000 per vehicle, but only up to a list price of EUR 50 000. ‘Up to EUR 6 000’ is an important formulation here: 20 % will be subsidised up to a purchase price of EUR 30 000, and 15 % for vehicles with a price of up to EUR 50 000. This amounts to EUR 6 000 for the respective maximum sum, but the subsidy is somewhat lower for a lower price. An additional EUR 1 000 is available for scrapping an old combustion engine and EUR 500 for installing a charging station. People with special needs and large families can get an additional EUR 1 000 on top of the grants.
Used cars are excluded from the promotion.
Taxis are being subsidised 25 %, up to a limit of EUR 10 000.
In both of the above categories , it is It is mandatory to withdraw an old taxi vehicle, with a registration date in Greece before 1 January 2013 with a reward of up to EUR 2,500. Given this, the total ecological bonus can reach up to EUR 10 500 or EUR 8 000 for those who choose a hybrid vehicle.
The subsidy programme runs until the end of 2021 with a budget of EUR 100 million. Development Minister Kostis Hatzidakis estimated that upon completion on 31 December 2021, the programme will have subsidised 15 000 private cars and taxis and 12 500 motorcycles and bicycles, thereby benefiting some 27 500 people. The government has already made plans to provide additional funds from the EU reconstruction fund ‘Next Generation EU’, should the first budget be prematurely exhausted.
- VAT Benefits
VAT: 13 % VAT for EV purchases (instead of 24 %).
- Other financial benefits
Electric vehicles are exempt the luxury tax and the luxury living tax. BEVs are exempt from parking fees until June 2022.
- Local incentives
In many cities, like Athens, restrictions imposed in city centres to curb air pollution do not apply to EVs.
- AF infrastructure incentives
In line with the announced e-Mobility subsidy programme, starting from 7 August 2020 and ending in 2021, one can apply for a subsidy of EUR 500 for installing a charging station. EUR 500 for the purchase of a smart home charger. The Greek energy supplier PPC, together with private companies, is to install 1 000 charging stations throughout Greece in the next 2 to 3 years, and in the medium term another 10 000 charging stations. For the installation of publicly accessible charging infrastructures that are supplied exclusively by RES, an even higher rate of depreciation of fixed assets and a reduction of expenses is introduced (70 % compared to 50 % that was initially foreseen). This makes it more attractive to install charging infrastructure that will run on energy from alternative sources thus making the charge 100 % green.