Iceland: EVs under US$47k exempted from VAT

The Icelandic utility Northern Lights Energy’s spokesman Gisli Gislason has told the website Autoblog Green that Iceland's government has voted to zero-rate the first US$47,000 of electric vehicles’ price for Value Added Tax (VAT). Gislason wrote: “As you know, Iceland has no import taxes on EVs (and very high import Subscribe to Automotive World to continue reading … Continued

• By Webmaster
• April 10, 2012