How Norway Will Achieve 100 Percent EV Sales by 2025 [1]
Compared with countries such as the U.S., where 2 percent of vehicle sales are plug-in electric vehicles (PEVs), Norway’s EV adoption would seem implausible if not for its significant government support for the technology, writes Raquel Soat for Navigant Research.
According to the article:
- Norway levies an import tax on cars that can reach €10,000 ($11,338) or more depending on the vehicle’s carbon dioxide emissions. Battery electric vehciles (BEVs) are exempt from this tax, and plug-in hybrid vehicle (PHEV) owners pay a reduced rate.
- The annual road tax for non-BEV drivers is some €365 (about $414), but BEV owners pay only about €50 ($57).
- BEV owners are exempt from paying the VAT of 25 percent on the purchase or lease of the vehicle.