Costa Blanca South
Elche s vehicle boom: More wheels, less tax revenue
By Anna Ellis •
Published: 18 May 2024 • 9:18
This year, Elche s vehicle registry shows a total of 161,684 units, marking a 1.66 per cent increase compared to last year, with 2,643 more vehicles.
However, this growth hasn t translated into increased revenue for the municipality due to a 1.5 per cent drop in the Mechanical Traction Vehicle Tax (IVTM).
Revenue from the IVTM is expected to be €12,653 million, down by 0.55 per cent from the previous year s €12,723 million, resulting in a decrease of over €70,000.
The majority group in the registry comprises vehicles with less than 12 fiscal horsepower, totalling 65,079.
Vehicles with less than 8 fiscal horsepower saw the highest increase this year, rising by 12 per cent to reach 9,061 units.
However, the dominant group remains vehicles with less than 12 fiscal horsepower, showing a 1.25 per cent increase, totalling 65,079, which is 802 more than last year.
High-end vehicles with more than 20 horsepower saw a 1.41 per cent increase, totalling 1,295.
Motorcycles with engine capacities up to 125 cc experienced a significant increase of 5.64 per cent, adding 506 more units to reach 9,475.
Buses, particularly those with 21 to 50 seats, saw a notable increase of 7.69 per cent, reaching a total of 84 vehicles.
In Elche, tractors with more than 25 tax horsepower increased by 9.64 per cent, totalling 728 units.
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Originally from Derbyshire, Anna has lived in the middle of nowhere on the Costa Blanca for 19 years. She is passionate about her animal family including four dogs and four horses, musicals and cooking.
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