Norway is set to retain generous EV incentives (electric vehicle) until 2020 to help maintain its position as one of the world’s leading markets for plug-in vehicles, according to Auto Vista Intelligence.
Source: CIO
The government was due to phase out some incentives, such as the exemption from the 25% rate of VAT, but the country now plans to keep the tax break, Norwegian news reports.
The Norwegian government wants all new car sales to be electric vehicles by 2025; they already account for around a quarter of the market.
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