Overview

• Finance Minister Jens Stoltenberg declared the all‑electric new‑car goal met, citing recent market shares near 95–98% for battery EVs.
• The draft budget would lower the EV VAT‑exemption threshold to 300,000 NOK in 2026 and remove the exemption entirely in 2027.
• VAT would begin to apply to some mid‑market models, including versions of Tesla’s Model Y and Volkswagen’s ID.4.
• A higher one‑time registration levy is proposed for new gasoline and diesel cars to keep zero‑emission vehicles relatively cheaper.
• The Norwegian EV Association warns the phaseout is too abrupt and notes the plan remains a proposal pending parliamentary approval.