30 Mar '12, 12pm

Iceland exempts first $47,000 of electric vehicle price from VAT charges

Iceland exempts first $47,000 of electric vehicle price from VAT charges

is already heads and shoulders above other countries when it comes to using renewable energy, but it still needs to import lots of oil and gasoline. The people pushing the country to go electric – like our friends at Northern Lights Energy , which wants to sell lots of electric vehicles to Icelanders soon, EVs like converted Ranger Rovers and Amp'd SUVs – got a bit of good news recently. Northern Lights Energy's Gísli Gíslason let us know that Iceland's government has made it more affordable to buy a plug-in car. Gislason called it a "big step" and wrote: As you know, Iceland has no import taxes on EVs (and very high import taxes on combustion engine cars). Unlike Norway (which is number 1 in the world in incentives for EVs) we have had very high VAT (Value Added Tax) on all cars (25.5% on top of the price). Last week, the Icelandic Government decided to do the necessary c...

Full article: http://green.autoblog.com/2012/03/30/iceland-exempts-firs...

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