Electric car owners in Norway saved NOK 19 billion in taxes this year

TeslaPhoto: Bram Van Oost / Unsplash
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According to the government’s estimates, the total tax benefits for Norwegian electric car owners in 2020 amounted to NOK 19.2 billion.

Electric car owners in Norway avoid VAT, one-off tax, motor insurance tax, re-registration tax, and road use tax.

In total, the government estimates that the total tax benefit is just over 19 billion, newspaper DN noted.

The corresponding figure in 2018 was NOK 7.7 billion.

Extension of benefits

The government parties will continue the electric car exemption from one-off tax and VAT next year, but DN was unable to confirm whether there will be any tax increases in the state budget in other areas.

There is a lot of discussion about what will happen to electric car owners’ benefits in the next parliamentary term.

The Conservatives’ (H) program committee plans to “gradually reduce the electric car benefits, initially on the most expensive electric cars, but also ensure that it always pays to buy low- and zero-emission cars.”

The Liberal Party, a junior partner in the government, wants to retain the electric car benefits in the next parliamentary term.

© NTB Scanpix / #Norway Today

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