Iceland will phase out its long-standing grants for electric vehicle purchases starting November 1, ending a policy that had previously subsidized up to half the price of new electric cars. The move comes as the country’s electric vehicle adoption nears saturation, with nearly all new car sales already being electric. Authorities cite the need to redirect funds toward expanding charging infrastructure and supporting public transport alternatives. Critics argue the shift may disproportionately affect lower-income buyers still transitioning to electric vehicles.
Iceland Cuts Electric-Car Grants From 1 November Iceland Review
