Norway has embraced electric cars in a way no other country has. It’s already one of the biggest markets in the world for fully electric cars and the country has now achieved another milestone. Over half of all new cars sold in Norway last month were fully electric, according to the Norwegian Road Federation.
Almost 60 percent of all new cars that were sold in Norway last month run on electricity alone. It’s a global record and puts Norway well on its way to end sales of fossil-fuel vehicles by 2025. These figures show that the country’s residents have opened up to electric cars and are willing to make the switch.
The country has incentivized the purchase of fully electric cars. There are no taxes on battery engines for these vehicles. This has provided a boost to manufacturers like Tesla while hurt companies that still rely on conventional combustion engines to drive the majority of their sales, companies like Toyota and Daimler.
Sales of fully electric cars in Norway rose to a record market share of 31.2 percent last year, a significant improvement from 20.8 percent in 2017. It’s far ahead of any country and manufacturers have actually struggled with keeping up with the demand from Norway.
“We are pretty sure we are going to reach 50 percent market share in total this year. Maybe even pass it, which is pretty amazing,” said Christina Bu, the secretary general of the Norwegian Electric Vehicle Association.
Filed in . Read more about Electric Cars. Source: reuters