2.3.2015

Is an Electric Vehicle Boom About to Take Off in Finland?

The rise of electric transportation has been relatively slow in Finland so far, but the growth of first registrations from 50 in 2013 to 183 in 2014 shows that we are starting to get going. Currently there are about 360 Electric vehicles (EVs) in Finland. Even though buying an EV is easy, though somewhat expensive, this new kind of car brings up some new kinds of legal questions. Not to worry though, you still don’t have to be a lawyer to drive an EV!

Nothing More Certain than Taxes

Unlike some other countries, electric vehicles do not, at the moment, have special tax benefits in Finland. However, EVs belong to the lowest tax class in all three tax groups: car tax, motor vehicle tax and tax on driving power. Nevertheless, actual financial incentives to promote electric transportation remain few. At the moment there is no CO2 tax, but the topic is brought up regularly.

On the other hand, companies investing in electric vehicles may be eligible for energy investment support from the Ministry of Employment and the Economy. The support is only available for companies leasing an electric car or building a charging station on their premises. The support period of 36 months is expected to end in 2017, and companies that want to benefit from the 35% funding for cars and 30% for charging stations should apply at the latest in April 2015.

Battery Low?

Finland currently has some 250 EV charging stations, 35 of which are located in Helsinki. The stations are built and operated mainly by private operators, since the government does not actively participate in the construction of charging networks, but focuses instead on coordination and support. The charging station network is expected to expand in 2015 when the first Tesla Supercharger stations are opened in Southern Finland. Auto-Outlet Oy, the company that imports Teslas into Finland, looks like it’s going to have a busy year!

In Helsinki, regular parking is also cheaper for clean vehicles such as EVs. Some parking operators even provide free downtown parking for EVs. A general 50% discount on parking fees in city-operated areas requires a special sticker available at the city engineer’s office. Even cheaper parking and the right to drive in bus lanes are being discussed in Finland, but there are no concrete plans yet.

Even though there is political will to encourage electric transportation in Finland, some legal obstacles still need to be removed. For example, in housing companies, parking and charging electric vehicles easily collides with the general principle of equality between residents when it comes to sharing parking spots and investing in additional electricity services. In addition, the Limited Liability Housing Companies Act provides no clear opinion in cases where residents wish to install charging facilities on their own to parking spots they are using.

Residents with electric cars do not, in general, have priority to plug-in parking spots. On the contrary, the general meeting of residents may even decide to forbid charging electric vehicles in parking spots altogether. In addition, the charging costs may require payment either according to consumption or by monthly instalments.

Vroom Goes the European Electric Car

EU incentives in the EV field also have an effect on the Finnish market. Many European countries are promoting electric transportation by funding a comprehensive charging network or offering investment support for EVs. For example, France plans up to grant EUR 10,000 in support to drivers who switch their old diesel car to a new electric one.

On the other hand, state aid, even when given for environmental reasons, may restrict competition in the Union, since building an extensive network of charging stations requires cooperation with a broad range of actors. For example, contracts between car manufacturers and energy suppliers can exclude other actors from the market. However, the environmental advantages of promoting electric transportation are often emphasised in the EU over market issues, and even state aid has exceptionally been accepted in several cases.

The Union has also taken important legal steps in order to develop and enhance a Europe-wide charging station network. By 2020, the network should be extensive enough make commuting in cities and along main roads by electric means feasible. Also, EV plugs have been harmonised on the continent so there’s no need for adapters between, for example, Utsjoki and Gibraltar. Safety and recycling issues have also been taken care of. For example, by 2021, pedestrians will be better aware of the currently quiet EVs, since they will be equipped with warning sound systems. At the moment EVs are already subject to the same security requirements as other cars.

All in all, the increase in the number of EVs on the roads is making life interesting, even for lawyers. The upcoming years will likely bring new developments both at the Finnish and European level, hopefully making green driving even more attractive.

Latest references

We acted as legal adviser to Banyan Software on its acquisition of Carus Ferry, a Finland-based provider of reservation, check-in and port operations software for ferry and passenger shipping operators. The acquisition further strengthens Banyan Software’s presence in the Nordic region while providing Carus with a long-term partner to support its continued growth and development. Carus was founded in 1998 and is headquartered in Mariehamn on the Åland Islands, Finland. The company develops mission-critical software for ferry, cruise and passenger shipping operators, covering the full passenger journey from booking and ticketing to capacity management, check-in and boarding. Carus also provides port automation, onboard sales systems and business information tools. The company serves approximately 30 operators across four continents and is the largest vendor by customer count in ferry reservation and departure control. Banyan Software is an acquirer and long-term operator of mission-critical software businesses serving specialised industries. Founded in 2016, Banyan follows a buy-and-hold-for-life approach and supports the long-term growth and development of its portfolio companies. Banyan operates more than 130 portfolio companies across North and South America, the United Kingdom, Europe and APAC. Following the acquisition of Carus, Banyan operates three businesses in the Nordic region.
Case published 20.10.2026
We advised Efima Oyj on the sale of its AI business to Better Care Technologies Oy. The transaction included Efima’s Moiva AI platform developed for the care sector, the related technology and brand, customer contracts, and the experts working in the business. Efima is a Finnish digital company that supports the sustainable growth of large and mid-sized companies by streamlining their business processes and by creating competitive advantage through the innovative use of artificial intelligence and data. The company has nearly 200 experts based in Helsinki and Tampere. 
Case published 21.9.2026
We are acting as Finnish legal advisor to HANZA in connection with its acquisition of Fortaco Finland’s heavy mechanics and assembly business. The transaction is structured as a combined asset and share acquisition and includes Fortaco Finland’s heavy mechanics and assembly operations in Finland, as well as shares in two Estonian and two Polish subsidiaries. The transaction is expected to close during the fourth quarter of 2026, subject to customary closing conditions, including regulatory approvals. Founded in 2008, HANZA is a Swedish mechanical engineering and electronics contract manufacturing company listed on the Nasdaq Stockholm main list. HANZA has approximately 5,000 employees and annual sales of SEK 10 billion. We advise HANZA on this transaction in collaboration with the Swedish law firm Lindahl.
Case published 15.7.2026
We acted as Finnish counsel to RVRC Holding AB (RevolutionRace) in its acquisition of 90.1% of the shares in ICANIWILL AB (ICIW). Mannheimer Swartling (Sweden) acted as lead counsel for RevolutionRace. ICIW, founded in Sweden in 2012, is a Swedish training apparel brand.  RevolutionRace is a fast-growing Swedish outdoor brand offering multifunctional products to people with an active lifestyle. The company operates with a digital D2C business model reaching customers in approximately 40 countries. The company is listed on Nasdaq Stockholm since 2021. 
Case published 14.7.2026