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Iceland

Capital: Reykjavik
Population: 356,991
Total land area (km2): 102,775 km2
Passenger cars: 250,000
Highway (km): 37 km
Category Description
Registration Tax Benefits

Iceland - Registration tax benefits

Registration tax for passenger vehicles is based on CO2 emission. The tax is 0% for emissions up to 75 g/km (NEDC). Therefore, BEV's, hydrogen vehicles and most PHEV's are not taxed at registration. Methane and methanol vehicle are exempted from registration tax up to 1.250.000 ISK per vehicle.
Ownership Tax Benefits

Iceland - Ownership tax benefits

Bi-annual ownership tax for passenger vehicles (<3500 kg) is based on CO2 emissions. Vehicles with emissions below 121 g/km (NEDC) are taxed at a minimum tax rate. Therefore, BEV's, hydrogen vehicles and PHEV's are taxed at the minimum tax rate. Methane and methanol vehicle are also taxed automatically at the lowest tax rate.
VAT Benefits

Iceland - VAT benefits

"Temporary tax expenditure: i) VAT exemption for purchase of BEV's and hydro vehicles, with a cap of 15 thousand vehicles of each type. The maximum amount of VAT exemptions is 1.440.000 ISK per vehicle. ii) VAT exemption for purchase of PHEV's, with cap of 15 thousand vehicles. The maximum amount of VAT exemptions is 960.000 ISK per vehicle. iii) Full VAT refund for purchase and installation of home charging stations at residential properties."
Local Incentives

Iceland - local incentives

Grants are available from the City of Reykjavik to multi-appartment buildings when installing charging facilities.
Infrastructure Incentives

Iceland - Infrastructure Incentives

Incentives for charging infrastructure
Other Financial Benefits

Iceland - Other financial benefits

Free parking is availble for up to two hours for BEV's in Reykjavik and Akureyri
Category Description
Registration Tax Benefits

Iceland - Registration tax benefits

Registration tax for passenger vehicles is based on CO2 emission. The tax is 0% for emissions up to 75 g/km (NEDC). Therefore, BEV's, hydrogen vehicles and most PHEV's are not taxed at registration. Methane and methanol vehicle are exempted from registration tax up to 1.250.000 ISK per vehicle.
Ownership Tax Benefits

Iceland - Ownership tax benefits

Bi-annual ownership tax for passenger vehicles (<3500 kg) is based on CO2 emissions. Vehicles with emissions below 121 g/km (NEDC) are taxed at a minimum tax rate. Therefore, BEV's, hydrogen vehicles and PHEV's are taxed at the minimum tax rate. Methane and methanol vehicle are also taxed automatically at the lowest tax rate.
VAT Benefits

Iceland - VAT benefits

"Temporary tax expenditure: i) VAT exemption for purchase of BEV's and hydro vehicles, with a cap of 15 thousand vehicles of each type. The maximum amount of VAT exemptions is 1.440.000 ISK per vehicle. ii) VAT exemption for purchase of PHEV's, with cap of 15 thousand vehicles. The maximum amount of VAT exemptions is 960.000 ISK per vehicle. iii) Full VAT refund for purchase and installation of home charging stations at residential properties."
Local Incentives

Iceland - local incentives

Grants are available from the City of Reykjavik to multi-appartment buildings when installing charging facilities.
Infrastructure Incentives

Iceland - Infrastructure Incentives

Incentives for charging infrastructure
Other Financial Benefits

Iceland - Other financial benefits

Free parking is availble for up to two hours for BEV's in Reykjavik and Akureyri