EV Sales Down 80% In Denmark For 2016 After Tax Policy Change
Denmark plug-in electric car sales have been subdued this year, as the government decided to gradually end the plug-in exemption from a normally steep (up to) 150% tax.
As one can see from the chart above, consumers rushed to buy EVs in November and December or last year, avoiding the first 20% tax wave beginning in January.
Mid-way through 2016 (June) sales of plug-in cars stand at only 288 units sold for the first 6 months, compared to 1,299 year ago, off almost 80% (data via EV Sales Blog).
And now, heading into those tough tax-expiry months of 2015, things don’t get any easier…2015 ended with some 4,750 new plug-ins registered.
The 20% new “tax hit” seems to be making a big difference, and it will only get worse the number goes up to 40% in 2017, and ultimately to the full amount by 2020 unless government policy reverses.
Norway, reports that current new registrations (by the end of July) decreased year-over-year by 80% from 1,332 to 270.