INTIEAIceland · Subsidies for Zero-Emission VehiclesPolicyIn force

Subsidies for Zero-Emission Vehicles

The Orkustofnun Energy Fund provides subsidies for the purchase of clean energy vehicles, including hydrogen-powered ones, to accelerate the energy transition in transportation and reduce greenhouse gas emissions. The program, effective from January 1, 2024, offers financial…

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Country / jurisdiction: Iceland · Year: 2024 · Status: In force · Level: National · Type: Voluntary

The Orkustofnun Energy Fund provides subsidies for the purchase of clean energy vehicles, including hydrogen-powered ones, to accelerate the energy transition in transportation and reduce greenhouse gas emissions. The program, effective from January 1, 2024, offers financial support to individuals and legal entities for new and imported used vehicles, with a focus on zero-emission and clean energy vehicles. The main goal is to promote the adoption of sustainable transportation solutions, ensuring a just transition by offering higher subsidies for more affordable vehicles and accommodating special needs, such as vehicles for people with disabilities

Official source: https://orkustofnun.is/en/energy_transition/energy_fund/subsidies_for_electrical_vehicles

Source

https://www.iea.org/policies/27725

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