In Norway, the progressive tax system plays a pivotal role in fostering the adoption of electric vehicles (EVs) over their petrol counterparts.
A clear illustration of this lies in the pricing dynamics of Volkswagen models.
While the import price of a conventional Volkswagen Golf stands at 22,046, its electric counterpart, the Volkswagen e-Golf, is priced at 33,037.
However, the difference in cost is significantly offset by the Norwegian tax incentives designed to encourage sustainable choices.
Moreover, the value-added tax (VAT) on the conventional Golf, standing at 25%, translates to 5,512, while the e-Golf enjoys a VAT exemption.
These tax adjustments create a more level playing field, making electric vehicles a compelling and competitive option for environmentally conscious consumers in Norway.
The State of the Electric Vehicle Revolution 2023
Global electric vehicle (EV) stock has surpassed 30 million, and China is home to over half of all the EVs on the world’s roads. 1 in 7 new cars sold last year was electric, and by 2030, we will have 138 Million EVs.