- Norway will phase out the VAT exemption for electric cars by 2027.
- The VAT exemption threshold will drop from NOK500,000 to NOK300,000 starting next year.
- The new threshold applies to cars ordered and delivered in 2026.
- The government also proposes increasing the one-time tax on fossil fuel vehicles.
- Incentives for zero-emission cars will remain, though subsidies are being reduced.
Source: news.bloombergtax.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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