65% market share!

Norway is on track to become the first country to leave behind fossil fuel powered cars. With Tesla as the best-selling brand, electric cars have accounted for almost two-thirds of sales in the Nordic country in 2021.

In fact, data from the 2021 count shows that Norway has achieved a 65% fully electric car market share; almost 10% more than in 2020.

Target: 80% market share by 2022

Norway

In the midst of a very complex economic and social situation, Norway, with a population of 5.4 million inhabitants, has managed to boost car sales by 25% in 2021, to 176,276 units.

Of these, 65% were fully electric cars, and once again the Tesla Model 3 has been the best-selling model (And watch out for the Toyota RAV4, which is positioned in second place, followed by the Volkswagen ID.4).

The figures are more beasts in November, the month in which pure electric cars have reached a market share in Norway of 73.8%.

The data shows how the market share of vehicles with combustion engines, including hybrids, has been declining exponentially since 2016, reaching 35%.

Norway is thus the country with the highest penetration of electric cars in the world per capita. A GDP per capita of almost 60,000 euros (greater than that of its neighbors Sweden and Finland) and especially tax exemptions have contributed to this.

Tesla

With the aim of stopping selling gasoline and diesel vehicles in 2025, the Government is promoting tax cuts for electric cars and more taxes for fuel and hybrids, to achieve an 80% market share this year.

However, the plan is to start taxing the most expensive electric cars little by little from 2023 since the incentives, or rather their success, have created a unique problem: the collection of taxes has dropped notably because of the electric car.

In Motorpasión | Gentrification is no longer just a matter of cities: the car market is increasingly elitist


Source: Motorpasión by www.motorpasion.com.

*The article has been translated based on the content of Motorpasión by www.motorpasion.com. If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!

*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.

*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!