Norway to Trim EV Support as Sales of Battery Models Hit 95%

Norway will completely phase out the value added tax exemption for electric cars from 2027, according to budget documents published by the government Wednesday.

• The government proposes cutting the threshold for the VAT exemption to NOK300,000, from NOK500,000 starting next year
  • The change will include cars that have been ordered and are due to be delivered in 2026
• Also proposes increasing the one-time tax on fossil fuel vehicles
• “Overall, the proposal means that the incentives to buy zero-emission cars are maintained even if subsidies are reduced,” the government says
• NOTE: EVs sold for as much as NOK500,000 are currently exempt ...