Norway Plans to Extend VAT Exemption for Electric Cars Until 2026

• Norway plans to extend the VAT waiver for electric cars until 2026
• The government has notified the European Free Trade Association Surveillance Authority for approval
• The VAT exemption covers both purchasing and leasing of electric cars up to a value of NOK 500,000
• Any amount above NOK 500,000 will be taxed at the normal VAT rate
• The current VAT exemption is set to expire at the end of this year

Source: vitallaw.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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