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Sweden Plans to Raise Taxes on Petrol Cars, Boost EV Tax Break

Sept. 6, 2021, 12:24 PM

Sweden’s government is proposing additional funds to “facilitate the climate transition in the transport sector,” according to the Minister of Climate and Environment Per Bolund.

  • Upcoming budget bills will include additional SEK3b of spending this year for transport industry, and another ~SEK4b in 2022, Bolund says at a press conference
  • Budget will include higher taxes on petrol and diesel cars, as well as an increase in the tax break for electric cars, which is currently set at a maximum of SEK70,000 per zero-emission vehicle
  • Says “sales of electric cars have doubled several times over” since the so-called “bonus malus” ...