"Nearly all new cars in Norway are electric now, so a plan to phase out subsidies is underway. There's now a proposal to phase out a tax exemption for EVs by 2027. The plan is to lower the threshold for eligibility in 2026 before completely removing this benefit the following year. Norway's finance minister argues the country's transition to electric propulsion is pretty much complete and the incentive isn't needed anymore."
"This is all money that the Norwegian government could have collected, but instead opted not to in order to help accelerate EV adoption. And accelerate it did, with EV sales outpacing combustion cars for a few years now. The proportion of new cars that are electric grows from month to month and in September it reached 98.3%. These are pure electric vehicles, so they do not include plug-in hybrids."
Norway plans to phase out electric vehicle (EV) tax exemptions by 2027, with a lowered eligibility threshold in 2026 and full removal the following year. The finance minister states that the transition to electric propulsion is essentially complete and the incentive is no longer necessary. New EVs in Norway currently avoid import duties, road tax, registration tax and a 25% value-added tax (VAT), creating substantial buyer savings that accelerated adoption. Pure battery-electric vehicle share of new registrations reached 98.3% in September. Vehicles above 500,000 crowns pay VAT on the excess, reducing the subsidy for higher-priced models.
Read at insideevs.com
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