Headline Target: No ICE sales from 2025

Car Manufacturing Country: No passenger car manufacturing.

Purchase Incentives for Cars: VAT exemption on vehicles less than $47,000, and VAT reduction for vehicles over this price, registration tax reduction.

Supplier Regulation Policy: EU emissions performance standard (Tightening CO2 regime)

Infrastructure Incentives: None

The market for BEVs dominates in Norway, with petrol and diesels making up the smallest portion of the market. The country’s target of having a fully electric new car market by 2025 would make it the first country in the world to electrify its car market and it is on target to meet this.

Norway has heavily relied on subsidies to grow the EV market which they have reduced drastically now they have become the dominant part of the new car market. This has seen blips in market growth which, however, have not lasted long. Norway has concentrated its incentives on cars - the next challenge will be vans, where EVs account for a much smaller portion of the market.