“It is now or never if you, as a taxpayer or owner of a company car, are considering a hybrid car,” says the advertising of some car brands. The tax deductibility for company cars with both a combustion engine and an electric engine will therefore change on 1 July. Already 26,000 more hybrids have been sold than in the same period last year.
The sale of hybrids has been on the rise since March last year – a few months after the new measure was announced. In the first four months of this year, 42,694 new hybrids were registered, according to figures from the Traxio automobile federation. That is 25,995 more than in the same period last year. “We see a strongly increased interest,” says Traxio’s Filip Rylant, who points out that a pack of hybrids are also on order due to the limited availability. “That is not a problem either, because for tax purposes it is not the date of registration that counts, but the date of purchase.”
In concrete terms, a phase-out scenario will start on 1 July, in which the tax deductibility of the purchase price of plug-in hybrids will be gradually phased out. Over the full term, this can mean a disadvantage of hundreds, sometimes thousands of euros, making company cars with both a combustion engine and an electric motor less interesting for companies.
Now or never. It is sufficient to sign the order form before 1 July, even if the car is not paid for and delivered until later.
Things will also change for the driver himself if his company car with a combustion engine is purchased after 1 July. The benefit in kind (VAA) is increasing, as a result of which his car is taxed more heavily in personal income tax.
Plug-in hybrids ordered through June 30 retain the maximum tax deductibility of their value for the full period of use. So now or never. It is sufficient to sign the order form before 1 July, even if the car is not paid for and delivered until later. In the case of leasing or renting, the date of signing the contract counts.
From 2026, only new cars that are completely CO2 emission-free will be tax deductible for companies and the self-employed.
LOOK. Companies are ordering hybrid cars en masse
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