Norway makes record breaking success with a third of sales being electric

By Amber Donovan-Stevens
Norway has made notable success in the last year, as the government reports that a third of car sales were electric cars. This take...

Norway has made notable success in the last year, as the government reports that a third of car sales were electric cars. This takes the nation closer to its 2025 goal of being free of fossil fuel cars. The plan was undertaken in order to reduce emissions and air pollution in Norway.

With over 148,000 fossil fuel cars sold in the last year,  Oeyvind Solberg Thorsen, head of the Norwegian Road Federation (NRF), noted at the conference that this is “a small step closer to the 2025 goal.” The Norwegian government has provided many incentives to drive the nation’s transition to battery operated cars, such as tax exemption, free parking and charging stations.

SEE ALSO:

Top 10 most valuable brands in Europe

2019: The year of transparency and authenticity

The Louvre breaks new visitor record in 2018

Read the latest issue of Business Chief Europe here

According to the independent NRF, electric cars increased to 31.2% of revenue last year, from 20.8% in 2017 and just 5.5% in 2013. The most popular model in Norway over the last year was Nissan’s (7201.T) upgraded Leaf electric car. Other popular models included (BMWG.DE) and Volkswagens (VOWG_p.DE)

The International Energy Agency (IEA) shared that Norway’s share of hybrid cars was at 39% in 2017, with Iceland in second place with 12%. Though Norway’s 2025 goal is ambitious, it is likely to continue to hold the record of electric car sales per capita for some time.

 

Share
Share

Featured Articles

COP27 agrees to climate compensation fund

The deal is said to be a historic first in acknowledging the vast inequities of the climate crisis

North America's natural gas can help mitigate energy crisis

In the effort towards decarbonisation, North America could be a key player in providing affordable natural gas, addressing energy security issues

COP27: Egypt and Norway to build 100MW green hydrogen plant

Plant will be built in Egypt’s Ain Sokhna region, on the Red Sea coast, and will be implemented in cooperation with Scatec, the Norwegian energy giant

Renewable energy company Masdar opens office in Saudi Arabia

Renewable Energy

Ørsted closes US$140m transaction with ECP for US portfolio

Renewable Energy

ADNOC Drilling delivers world record well at Upper Zakum

Oil & Gas