26 Jun '12, 2pm

Iceland drops high VAT tax for electric vehicles (well, mostly)

Iceland drops high VAT tax for electric vehicles (well, mostly)

Electric vehicle fans the world over can get a kick out of Gísli Gíslason , a leader in Iceland 's push to take the bountiful renewable energy that country produces and stuff it into as many EVs as possible. When he was recently pulled over for speeding in his white Tesla Roadster for going 124 kilometers per hour (77 miles per hour) – the first time an EV has been pulled over in Iceland – he told local media that, "I forgot myself in good weather," and encouraged other drivers to be careful. He also recognized the incident as something bigger than one man's lead foot, telling AutoblogGreen it was, "A great marketing stunt." The charismatic Gislason, CEO of Northern Lights Energy , is even more excited about a bigger piece of news, though – he calls it "the hottest news in Iceland" – which is that the bill to reduce the high "value added tax" (VAT) rate on electric vehicle...

Full article: http://green.autoblog.com/2012/06/26/iceland-drops-high-v...

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