75% exemption from the insurance contract tax for electric cars registered in 2024
The 2024 Finance Act creates a 75% exemption from the special tax on insurance contracts for insurance of fully electric motor vehicles registered in 2024 with cover starting the same year. It applies for 24 months to the first contract taken out after registration. The full exemption in force since 2021 is limited to contracts falling due in 2023 and reduced to 75% for 2024 due dates.
Measure originators
No official estimate found for this measure.
Measure impact
Insured owners of new electric vehicles registered in 2024 pay a reduced tax on their policy for two years. No official cost estimate was published; the Senate report states that the previous exemption cost €20m in 2021, €55m in 2022 and €90m in 2023.
Official references
Sources
Procedure timeline
Follow the progress of this fiscal measure through the different stages of the parliamentary procedure.
Administrative implementation
Entrée en vigueur de la mesure et mise en œuvre par l'administration
President of the Republic signature
Publication au Journal officiel
Possible referral to Constitutional Council
Décision de conformité / censure partielle
National Assembly has the final say
Si Ă©chec CMP
Debate and vote
Debate and vote
Débat et vote en séance publique à l'Assemblée nationale, ou engagement de la responsabilité du Gouvernement (article 49.3)
Council of Ministers
Validation interne