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

TThe market for BEVs dominates in Norway, with nine out of ten cars being EVs in 2024. The country’s target of having a fully electric new car market by 2025 would make it the first country in the world to transition. 

Norway has heavily relied on subsidies to grow the EV market which they have now reduced drastically. However, Norway ensures that the principle that an EV should never be more expensive to purchase than a like-for-like EV was maintained. So a ramping down of EV subsidies was followed with a ramping up of ICE vehicle taxes.

Norway has concentrated its incentives on cars - the next challenge will be vans, where EVs account for a much smaller portion of the market.