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Norway plans to scrap tax exemption for electric vehicles by 2027

"We had set the goal that all new passenger cars would be electric by 2025, and with a share of 95 percent electric vehicles this year, one can say that the goal is practically achieved," Finance Minister Jens Stoltenberg said in a statement. "That is why the time has come to phase out the incentives," he added. The government argues that zero-emission cars will remain comparatively financially attractive as it also plans to increase a one-time tax on purchases of fossil-fuel vehicles.

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UK politics

fromBusiness Matters

3 weeks ago

Britain 'throwing away 2bn a year' after scrapping VAT break for tourists, Reeves told

Removal of VAT-free shopping since 2021 has left non-EU visitor spending at 75% of pre-pandemic levels, costing Britain about £2bn last year.

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Norway plans to scrap tax exemption for electric vehicles by 2027

Britain 'throwing away 2bn a year' after scrapping VAT break for tourists, Reeves told

#vat-exemption
#vat-exemption