Electric car is also a luxury: Norway can introduce a new tax

Electric car is also a luxury: Norway can introduce a new tax


Representatives of the International Monetary Fund (IMF) believe that the Norwegian government should tax expensive electric cars. If such a decision is nevertheless adopted, they will be charged from the owners of Porsche, Jaguar, Mercedes-Benz, Audi and, of course, Tesla. According to economists, this will reduce the burden on the budget and help offset some of the costs of stimulating demand for electric cars.

Electric car buyers in Norway are currently exempt from all taxes for ICE car owners. And this affects sales. Last year, the share of new battery cars was 54 percent, a world record. However, support for green initiatives is hitting Norway’s budget hard: last year, the government lost NOK 19.2 billion ($ 2.3 billion) in taxes due to them.

To reduce the load, according to the IMF, will help the introduction of taxes for owners of expensive electric vehicles costing 600 thousand kroons and more. In addition, it is proposed to subsidize the disposal of gasoline and diesel vehicles when replacing them with electric vehicles, as well as to increase the fees levied on cars that pollute the environment. All of these measures will to some extent improve the targeting of benefits (now the highest subsidies are received by high-income buyers) and will increase the positive impact on the environment.

Meanwhile, in Ukraine, the Verkhovna Rada Committee on Finance, Tax and Customs Policy supported electromobility laws and agreed on important amendments.

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