Norway says 'mission accomplished' on going 100% EV, proposes incentive changes
a day ago
- #Sustainability
- #Electric Vehicles
- #Norway
- Norway is close to achieving 100% all-electric new car sales by 2025.
- The government plans to introduce taxes on electric vehicles as part of a new phase in its EV strategy.
- Current incentives include VAT exemptions for EVs under 500,000 Norwegian kroner (~$49,000 USD).
- A new proposal aims to reduce the tax exemption to 300,000 Norwegian kroner (~$30,000 USD) by 2026 and eliminate it by 2027.
- Taxes on gasoline and diesel cars will increase to widen the cost gap with EVs.
- EV associations advocate for a longer phase-out period to maintain high adoption rates.
- Norway's success is attributed to comprehensive incentives like tax exemptions, toll road access, and bus lane privileges.
- The country serves as a blueprint for global EV adoption, proving rapid transition is possible with the right policies.