Norway's Tax Strategy Levels the Playing Field for EVs and Petrol Cars
By Lucidity Insights Research Team 20 October 2023

Norway's Tax Strategy Levels the Playing Field for EVs and Petrol Cars

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.

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We are a team of passionate Researchers, Data Junkies, and Story-Tellers that believe there is not enough quality business insights and compelling data analysis available in the marketplace, told in the formats users want. We want to give an insider's look into the industries, businesses and economies that are changing the world today, so our users can become inspired, empowered and equipped to run their businesses as best they can.

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