While Norway, with a population of 5.4 million, has the largest share of electric vehicles in the world, China, with 1.4 billion, is by far the largest global automotive market.
Norway, an oil-producing country, has encouraged the shift to zero-emission cars by exempting battery electric vehicles (VEBs) from taxes on internal combustion engines (ICMs).
This tax exemption is expected to help increase the share of electric vehicle sales to 80% in 2022, before the deadline to end gasoline and diesel car sales in 2025.
Total new vehicle sales in Norway increased by 25% in 2021, reaching a record 176,276 cars, of which 65% were fully electric. This market share was higher than 54% in 2020.
Although it is a small country, wealthy Norway is seen as a key market for new electric vehicle manufacturers to take hold, such as the Chinese company Nio and Volvo Cars’ Swedish subsidiary Polestar.
Tesla had an 11.6% share of the overall Norwegian car market in 2021, making it the number one brand for the first time all year, ahead of Germany’s Volkswagen with 9.6%, it said. on Monday the Norwegian Roads Federation (NRF).
The Tesla Model 3 It was the most popular model of the year in Norway, ahead of Toyota’s RAV4 hybrid, the only car in the top 10 with MCI, and Volkswagen’s electric ID.4, in third place.
By Victoria Klesty, Reuters agency
Source From: Ambito
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