Depreciation: The Biggest Tax Advantage
According to the current Greek Income Tax Code — and PwC's updated analysis (February 2026) — zero-emission vehicles are depreciated at 50% per year, compared to just 16% for conventional petrol or diesel cars. This means a corporate EV worth €40,000 can be fully depreciated in just 2 years, delivering significant tax savings.
Low-emission vehicles (up to 50g CO2/km), which include plug-in hybrids (PHEVs), are depreciated at 25% — still far more favourable than conventional vehicles. The difference in depreciation rates translates directly into lower taxable profits and a smaller corporate income tax bill.
Zero Road Tax and Registration Fee Exemption
Pure electric vehicles (BEVs) are fully exempt from annual road tax in Greece. For a corporate fleet, this can mean savings of hundreds to thousands of euros per year, depending on the number and engine size of the vehicles replaced.
EVs are also exempt from the vehicle registration tax, which can reach €5,000–€15,000 for a premium petrol car. This exemption significantly offsets the higher purchase price of an electric vehicle compared to a conventional equivalent.
Benefit-in-Kind Taxation for Employees
When a company provides a car to an employee, the value of the benefit is treated as taxable income. For electric vehicles, the lower running costs and energy consumption indirectly reduce the effective tax cost for the employee. Under Greek law, the notional benefit is calculated based on the vehicle's retail price — however, the overall cost-of-use advantage of EVs makes them more attractive for both employer and employee.
Always consult a tax advisor for precise calculations based on the employee's salary and vehicle value.
200% Super Deduction for Small and Medium Businesses
One of the most attractive provisions in Greek tax law is the additional 100% deduction for green economy expenses, available to small and medium-sized enterprises (SMEs). This means expenses related to electric mobility, energy transition, and digitalization can be deducted at 200% of their value from taxable revenue.
In practice: if an SME purchases €5,000 worth of charging equipment, it can deduct €10,000 from taxable revenue — and additionally, the wallbox cost is depreciated at 100% in the first year.
"Constructions and installations for charging of vehicles of zero or low emissions up to 50g CO2/km are depreciated at 100%. Zero-emission means of transportation of individuals are depreciated at 50%."
— PwC Worldwide Tax Summaries, Greece Corporate Deductions, February 2026VAT and Business Use
VAT in Greece stands at 24%. For company vehicles used exclusively for business purposes (e.g. rental companies, delivery fleets), the purchase VAT is fully deductible. For mixed use (business + personal), stricter rules apply and proper documentation is required.
Additionally, VAT on charging costs — whether at public charging stations or via a workplace wallbox — is deductible as a business expense when directly related to corporate activity.
Charging Infrastructure: Immediate Write-Off + Super Deduction
Installing charging stations at the workplace is depreciated at 100% in the first year. This means the purchase and installation cost of a wallbox is fully deductible from the revenue of the year it was incurred. Combined with the 100% super deduction for SMEs, a €3,000 investment in chargers could correspond to a €6,000 reduction in taxable revenue.
Businesses that offer free EV charging to employees also benefit from stronger employer branding — an added intangible advantage in the job market.
Which Vehicles Qualify?
- 50% depreciation: Pure electric (BEV) — 0g CO2/km
- 25% depreciation: Plug-in Hybrid (PHEV) — ≤50g CO2/km
- 100% chargers: Charging installations for BEV/PHEV
- Zero road tax: Exclusively for BEVs
- Registration fee exemption: Exclusively for BEVs
Example Calculation: Tesla Model Y vs BMW 3 Series
Let's look at a practical example for a company purchasing a vehicle worth €45,000:
Corporate Electric Vans and Trucks
The advantages don't only apply to passenger cars. Zero-emission electric vans and trucks are also depreciated at 50%, while low-emission equivalents (≤50g) qualify for 25%. For businesses with delivery fleets — courier, catering, warehousing — switching to electric vehicles can lead to impressive tax savings.
Additionally, electric vehicles gain access to low-emission zones being developed in Greek cities, future-proofing the fleet against potential ICE vehicle driving restrictions.
Important Note
Greek tax legislation may change. The information in this article is based on legislation in force as of February 2026, according to PwC Worldwide Tax Summaries. Before making business decisions, always consult a qualified tax advisor or accountant.
Conclusion: Is a Corporate EV Worth It?
Based on the current tax incentives, the answer for most Greek businesses is a clear yes. The triple effect — higher depreciation, zero road taxes, and registration fee exemption — dramatically reduces the total cost of ownership compared to an equivalent petrol vehicle.
For SMEs, the 200% super deduction adds yet another layer of incentive that makes the investment even more attractive. The transition of corporate fleets to electric vehicles is no longer just a matter of environmental corporate responsibility — it's a smart tax strategy.