Norway plans to scrap EV tax exemption by 2027
The Peninsula
Oslo: Norway, the world leader in the adoption of electric cars, wants to completely phase out its sales tax (VAT) exemption for zero emission vehicle...
Oslo: Norway, the world leader in the adoption of electric cars, wants to completely phase out its sales tax (VAT) exemption for zero-emission vehicles by 2027, the government announced Wednesday.
In its proposed 2026 budget, the Labour government wants to lower the price threshold at which new electric vehicles are subject to VAT from 500,000 kroner ($49,000) currently to 300,000 kroner.
Then, the VAT exemption would be abolished entirely by 2027.
VAT in Norway is set at 25 percent for cars.
As the Labour government is in the minority, the proposal still needs to be approved by its partners in parliament before being passed.
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