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The amounts of allowances, subsidies and loans for the purchase of a car are as follows:

Compensation for first car purchase or for having not had a car for 10 years: 1.000.000 ISK

Compensation for car purchase: 500.000 ISK

A grant for the purchase of a car: 2.000.000 ISK

Maximum grant for purchase of a specially equipped car: 7.400.000 ISK

Maximum grant for purchase of a specially equipped electric vehicle: 8.140.000 ISK

Lower loans for buying a car: 180.000 ISK

Higher loan for car purchase: 340.000 ISK