- Norway is replacing the VAT exemption on electric cars with a new subsidy program starting from January 2023
- Nearly 80% of car sales in Norway in September 2021 were electric vehicles
- Experts question the fairness of VAT exemptions, as they benefit more affluent households
- The new subsidy scheme will provide financial support equivalent to a VAT exemption up to a sales price of NOK 500,000
- Electric cars priced under NOK 500,000 will not be affected by the new scheme
- Lawmakers are updating VAT regulations to adapt to the demands of the new economy
Source: vatit.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.
