Denmark Delays Tax Hikes on Electric Cars in New Budget

Denmark will postpone a planned tax increase on electric cars as part of a budget deal agreed by the government and most opposition parties, helping the Nordic nation to boost sales of such vehicles.

The budget will allocate 200 million kroner ($30 million) over 2024 and 2025 to keep in place the current tax-free allowance on electric cars, according to a statement on Monday. It thus delays a gradual phase-out of tax discounts for zero-emission vehicles through 2030.