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Norway forms commission to transition economy from oil, delaying EV tax break to 2028.
Norway is creating a commission to plan its economy beyond oil, following a deal between the Labour government and the Greens.
The move responds to declining oil reserves and aims to guide workforce transitions and resource use as offshore production wanes.
While the Greens pushed for a 2040 phase-out of fossil fuels, the current agreement stops short.
The government also delayed ending the VAT exemption on electric vehicles until 2028, supporting Norway’s global-leading EV adoption.
The commission’s final makeup is still undetermined.
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Noruega forma una comisión para la transición de la economía del petróleo, retrasando la exención de impuestos para vehículos eléctricos hasta 2028.