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flag Norway forms commission to transition economy from oil, delaying EV tax break to 2028.

flag Norway is creating a commission to plan its economy beyond oil, following a deal between the Labour government and the Greens. flag The move responds to declining oil reserves and aims to guide workforce transitions and resource use as offshore production wanes. flag While the Greens pushed for a 2040 phase-out of fossil fuels, the current agreement stops short. flag The government also delayed ending the VAT exemption on electric vehicles until 2028, supporting Norway’s global-leading EV adoption. flag The commission’s final makeup is still undetermined.

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