Every month, 1% of the gross list price for your company car, including all accessories and without any discounts, is deducted from your taxable income. The actual value of second-hand vehicles or vehicles which have already been written off for tax purposes is not taken into account. This is your non-cash benefit.
Tax relief on electric and certain hybrid vehicles (cf. section 3 of the German Electromobility Act, EmoG) was introduced on 1 January 2019 for cars provided or registered to employees for the first time. The non-cash benefit is reduced by half, which also reduces the tax liability for private use of the company car. Also, the taxation rate for all electric models with a gross list price of up to € 60,000 is ionly 0.25%.