Overview
- Finance Minister Jens Stoltenberg said the all‑electric new‑car goal is achieved as EVs reached 98.3% of September sales.
- The VAT exemption now applies up to 500,000 kroner and would drop to 300,000 kroner in 2026 before ending entirely in 2027.
- The budget plan also increases the one‑time registration levy on new gasoline and diesel vehicles.
- The lower cap would push mid‑market models such as the Tesla Model Y and Volkswagen ID.4 into VAT liability on portions of their price.
- The Norwegian EV Association cautioned the rapid phase‑out could deter buyers, noting most vehicles on the road are still fossil‑fuel models.