Article 5CFM2 Electric Cars Hit Record 54% of Sales in Norway as VW Overtakes Tesla

Electric Cars Hit Record 54% of Sales in Norway as VW Overtakes Tesla

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Electric cars hit record 54% of sales in Norway as VW overtakes Tesla:

Norway is using huge tax incentives to help ensure that every new passenger car and van sold in the country by the end of 2025 is a zero-emission vehicle. Record electric vehicle sales in 2020 means the country is now ahead of schedule, according to Oyvind Solberg Thorsen, CEO of the Norwegian Road Federation (OFV).

The market share of electric cars in Norway increased to 54% in 2020 from 42% the previous year, according to data published by OFV on Tuesday. When hybrid vehicles are included, the share of electrified vehicles hit 83% last year.

Petrol and diesel cars, which had a combined market share of 71% in 2015, now have just 17%.

According to Reuters:

Norway became the first country in the world where the sale of electric cars has overtaken those powered by petrol, diesel and hybrid engines last year, with the German carmaker Volkswagen replacing Tesla as the top battery-vehicle producer, data shows.

[...] Seeking to become the first nation to end the sale of petrol and diesel cars by 2025, oil-producing Norway exempts fully electric vehicles from taxes imposed on those relying on fossil fuels.

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