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Norway to retain EV incentives

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

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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