Valevåg is a village in Sveio municipality in Vestland county, Norway.

The village is located on the northern end of the Sveio peninsula, along the southern shore of the Hardangerfjorden.

Historically, Valevåg was the administrative centre of the old municipality of Valestrand until it was merged into Sveio in 1964.

The ferrys are no longer in operation since the opening of the Triangle Link bridge/tunnel network.

The Bømlafjord Tunnel runs directly beneath the village before going under the fjord to the nearby islands.