Many countries around the world have established financial incentives to promote EVs, mainly tax exemptions and tax credits. In the US, the federal government tax credit is for $2,500 to $7,500 per new EV purchased. The size of the tax credit depends on the size of the vehicle and its battery capacity. Depending on where you live, you may also be eligible for EV incentives from your state, city, or utility. In other countries like Norway, EVs are exempt from value added tax (VAT) and purchase tax, which on average in Norway add 50% to the cost of a vehicle. They are also exempt from road tolls, tunnel-use charges, and ferry charges. And they get free parking, free charging, and the freedom to use bus lanes.