Tax credit – News

Norway’s EV Subsidy Phaseout Offers Blueprint For Sustainable Market Transition

Norway is set to phase out its VAT exemption for electric vehicles starting in 2026, following unprecedented EV adoption rates. The planned subsidy withdrawal offers lessons in sustainable policy design for markets still dependent on government support.

Norway’s Strategic EV Subsidy Phaseout

Norway has announced plans to phase out its long-standing value-added tax exemption for electric vehicles, according to reports analyzing the country’s latest budget release. The phaseout will begin in 2026 and conclude by 2027, marking a significant shift in what has been one of the world’s most generous subsidy programs for electric vehicles.

by Daniel R.CollinsOctober 15, 2025

Automotive Business

Automakers Overestimated EV Demand, Says Former Ford CEO Mark Fields

Former Ford CEO Mark Fields says US automakers overestimated consumer demand for electric vehicles. Fields claims manufacturers invested heavily in EV capacity without understanding what would drive consumer adoption.

Former Ford CEO Mark Fields has delivered a stark assessment of the automotive industry’s electric vehicle strategy, stating that manufacturers “went full bore” into EV production without adequately considering consumer demand. The comments come as major automakers face significant challenges in the EV market, with several scaling back ambitious production targets and taking substantial financial charges.