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Lessons From Norway’s Journey To Becoming The Global Leader In EV Adoption

Wallbox

In 1990, a CO2 tax was implemented and the country began to focus on establishing a greener transport system by promoting Norwegian EV production and adoption. Let’s take a look at the Volkswagen Golf versus the Volkswagen e-Golf as an example of how the tax scheme works in practice. Investing in Infrastructure.

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April 2023 – Plug-in car market share continues to grow in Norway

Push EVs

All other powertrains lost volume YoY, with petrol-only vehicles at their 2nd lowest volume of the modern era (just 112 units), and 3rd lowest share ever, just 1.25% of the auto market. Recall that new tax changes have applied from January 1st. PHEVs, with their middling emissions ratings, are taxed somewhere in between.

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Driving the sales of electric vehicles

Clean Car

Most notably, in April 2020 a raft of tax related changes were brought in, which made huge changes to National Insurance and Benefit in Kind treatment of EVs. For more on this see our tax blog [link]. The government has already started to roll out quite significant incentives to switch from ICEs to EVs.

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ITF analysis finds that societal costs for electric cars and vans range from €7K to €12K more than fossil-fueled equivalents

Green Car Congress

The ITF calculation ignores taxes on fuel (as from society’s point of view these are a transfer rather than a net cost); includes subsidies; and accounts for air pollution impacts. intractably linked to fuel efficiency improvements in petrol and diesel cars—at least to around 2020. Gains in fuel efficiency will have a.

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A just transition

Clean Car

Benjamin Franklin noted that there was nothing certain in life except death and taxes. Few people are going to drop thirty grand on a petrol driven car a couple of years before their sale is banned and their consequent resale value plummets. We all know it is coming and probably sooner than we think.

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Drive Electric Submission on the Emissions Reduction Plan Discussion Document

Drive Electric

We would recommend signalling a phase-out date for new petrol vehicles between 2030 and 2032, and confirming that in law in 2024/2025. On the demand side, an ICE phase-out is easy to communicate to consumers, which will increase the perception that petrol-powered vehicles are becoming socially unacceptable.

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Learn How India’s EV Manufacturers Are Promoting Green Mobility

Get Electric Vehicle

These models are equally powerful as their petrol rivals, for instance, the Terra Motors 1000cc Kiwami superbike can easily go 20,000 kilometers on a single charge and reach a high speed of 140 kilometers per hour. The two-wheeler and three-wheeler segments, followed by E-buses and passenger taxis, are expected to lead the adoption curve.