Electric cars are a viable alternative to endothermic cars from an environmental point of view because they pollute less than conventional internal combustion cars, helping to preserve air quality and reducing environmental impact.
But the benefits are not only environmental, as electric cars offer significant economic advantages to those who buy them: the first of which is the exemption from paying car tax for at least 5 years. This benefit represents significant savings for those who choose to purchase an electric vehicle, being able to enjoy a zero-emission car without incurring additional costs associated with vehicle ownership.
Car tax breaks represent a significant advantage for electric cars over combustion cars, such as those powered by gasoline or diesel, in many regions of Italy. For example, in Piedmont, electric cars are permanently exempt from paying the road tax, while hybrid cars enjoy a time-limited exemption; in contrast, gasoline- or diesel-powered cars must submit to standard rates. In Lombardy, electric, hydrogen, natural gas, and LPG cars are permanently exempt from paying the stamp duty, while gasoline hybrid cars benefit from a 50 percent reduction in the first five years.
This scenario is repeated in many regions, with permanent or long-term exemptions for electric cars and limited incentives for hybrid cars, while endothermic cars are often subject to standard rates or only temporary reductions. These tax policies support users in the transition to zero-emission vehicles, which, in the face of a higher initial cost to date on average, result in significant savings in the long run.
If we compare the stamp duty cost of an electric car with that of a traditional gasoline car, the annual savings provided by the former is considerable, since the electric car is completely exempt from paying the stamp duty. On the contrary, standard rates are applied to the gasoline car, with an annual cost that depends on the power of the vehicle (about 3€/kW) and the region of residence, but on average in Italy is around 300/400€ for an average car, highlighting a significant financial advantage for electric car owners.
Stamp duty exemption adds to the many good reasons to consider buying an electric car in Italy. The savings in the medium to long term are significant, but since policies on car tax stamps can vary, it is good to keep abreast of regulatory changes by relying on official sources and regional agencies to be sure of the concessions available in your area. In fact, after the first 5 years of exemption have passed, individual regions may adopt different measures. For example, Val d’Aosta goes to an additional 8 years of vignette exemption, followed by Campania with 7 and Marche and Puglia with 6. Instead, Liguria, Emilia-Romagna, Veneto and Sicily have rescheduled the stamp duty exemption for electric cars to three years (Source ACI).
In conclusion, the stamp duty exemption for electric cars is a major benefit for those who choose to travel electric already. So the wallet is also #HappyToEmove!