Bizkaia’s tax reform includes deductions for zero-emission vehicles and charging points

The deputy of Treasury and finance of the Provincial Council of Bizkaia, Itxaso Berrojalbizannounced on thursday that the tax overview The measures prepared by the Territory include “vehicle deductions”. zero emissions and for charging points” or “for decarbonization of the Biscay industry”.

Moreover, he assured that the Provincial Council of Bizkaia “and all Basque institutions” strive for “a higher level of self-government” in order to design the budgetary framework for the economy with “the greatest possible margin of freedom”. energy transition.

Speaking at a conference on fiscal policy and energy transition organized by Petronor in Bilbao, the deputy pointed out that the evolution of the sector “will unfailingly mark the fate and future situation of the area and its inhabitants,” and assured that public The board is called on to “play an essential role in creating an ecosystem that promotes the development of companies related to the energy transition.”

According to him, taxation is a “powerful instrument” to promote the energy transition, “as long as it is applied in an intelligent and fair manner.”

“By combining taxes, incentives and other fiscal measures, governments can create an enabling environment for investments in renewable energy, energy efficiency and technological innovation, accelerating the path to a sustainable and low-carbon future,” he said.

According to him, taxation “can play a decisive role” in internalizing environmental costs, promoting investments – such as exemptions or deductions that can stimulate investments in renewable technologies, energy efficiency and sustainable mobility – or in collecting “energy taxes can generate revenue to finance transition support policies, such as renewable energy subsidies or compensation programs for the most affected sectors and households.”