Since January 1, 2022, the LOM law (mobility orientation law) requires professionals to electrify at least 10% of their fleet. This minimum threshold will gradually evolve to reach 20% of vehicles from 2024, then 35% in 2027. For many companies, equipping themselves with a fleet of electric vehicles is already mandatory. In this article, we will explain to you all the subsidies, tax benefits and interests of electric vehicles in order to facilitate the transition to electromobility in your company.
Businesses: benefit from State aid and subsidies
In order to facilitate the electrical transformation of your fleet, you can use several types of assistance.
The ADVENIR program
This aid makes it possible to partially finance the installation of charging stations in your parking lot. For private parking for the fleet and/or employees, its amount corresponds to 20% of the cost of buying and installing the charging point, capped at €600 excluding VAT per station. If you open your car park to the public, the rate increases to 50% with a ceiling ranging from €1,700 to €15,000 depending on the power of the terminal. As the amount of aid changes regularly, we advise you to stay informed directly on the program's website. TO COME.
For charging stations, there is also regional and departmental aid.
The ecological bonus
Also available to businesses, this purchase assistance varies according to the price of the electric car:
— €4,000 for cars under €45,000;
— €2,000 for cars between €45,000 and €60,000;
— €0 for cars over €60,000, except for the purchase of a hydrogen-powered vehicle. In this case, the bonus is €2,000.
NB: This scale is valid until June 30, 2022 for businesses. As of July 1, these amounts will each decrease by €1,000.
The conversion bonus
It is paid for the purchase of electric vehicles with a range of more than 50 km and in exchange for the scrapping of a polluting car (Crit'Air 3 sticker or more). Its amount is 40% of the acquisition cost, within the limit of:
— €5,000 for class 1 vehicles (less than 1,305 kg);
— €7,000 for class 2 vehicles (between 1305 and 1760 kg);
— €9,000 for class 3 vehicles (over 1760 kilos).
You can get it by visiting your dealer directly, who will be in charge of advancing the amount, or by going to the site Conversion bonus.
Exemption from tax on the use of passenger vehicles for economic purposes
This tax applies to businesses using passenger vehicles (VP). Its rate depends on several criteria such as: the vehicle's CO2 emissions, the date of entry into circulation and the type of fuel (gasoline or diesel). Electric cars are not subject to this tax.
Exemption from vehicle registration tax
Some regions, such as Auvergne-Rhône-Alpes and PACA, are abolishing this tax for companies that choose to electrify their fleet. In other regions, it is possible to be exempt up to 50%.
Tax deduction on car and battery depreciation
Depreciation represents the devaluation of an asset as it is used. Its wear and tear over time is considered a burden for the company, which will impact the company's profits as well as corporate tax.
In terms of the deduction limit, that for electric vehicles is €30,000 for the total value of the car. This amount is much more advantageous than for internal combustion vehicles (€18,300 maximum).
You should also know that the battery is depreciable. The rate is 100% and the deductibility limit varies between €10,000 and €26,000 depending on the power. The only condition: it must be invoiced separately from the vehicle. This document is sent by the dealer and the dealer's price must be mentioned there.
Example: for an electric car whose price is €42,800 and €12,000 for its battery, the tax-deductible amortization is €30,000 for the car and €12,000 for the battery. As a business, you can depreciate your vehicle over 4 or 5 years and your battery over one year. A practical way to further reduce the cost of owning an electric vehicle!
For more information on the calculations to be made, consult the page of the Dedicated BOFIP.
Is it profitable to electrify your company fleet?
Before equipping themselves with a less polluting fleet, the price of electric vehicles is often highlighted by companies. In the long term, the cost of using them is however considerably reduced compared to an internal combustion car, and can even be profitable after a few years. Among the economic advantages of the electric car:
— The cost of charging : it is about four times lower compared to the full tank of fuel in a diesel or gasoline car (except recharging on a supercharger);
— maintenance at a lower cost due to simplified mechanics;
— grants and subsidies;
— easier management of the electric fleet and better control of energy consumption.
Beyond financial interests, the electric car is a choice for the future and an opportunity to:
— your employees: it has the advantage of being quiet and providing great driving comfort;
— your image: it values your CSR (Corporate Social Responsibility) approach and improves your image with new customers who are sensitive to responsible commitments.
Also to read: Businesses: obligations for the installation of a charging station
