• Analysis and Studies
• Electric Vehicles Market in Norway

Electric Vehicles Market in Norway

In the last decades, with the climate emergency and the raising awareness of people, always more individuals have started to find sustainable alternatives to everyday products, such as cars. Some countries have been performing better on the global sustainable index. For instance, Norway is ranked 4^th among the best countries for sustainable performance with a score of 82.35 out of 100, whereas the other Nordic countries, such as Finland, Denmark, and Sweden are ranked 1^st, 2^nd and 3^rd respectively.

The Norwegian Parliament has decided on a national goal that all new cars sold by 2025 should be zero-emission (electric or hydrogen). By end of 2022, more than 20 percent of registered cars in Norway were battery electric (BEV). Battery electric vehicles held a 79.2 percent market share in 2022. The speed of the transition is closely related to policy instruments and a wide range of incentives.

Indeed, the Norwegian success in promoting electric vehicles has mainly been driven by generous tax incentives from the government, such as the exemption of zero-emission vehicles (ZEVs) from the registration tax, VAT and motor fuel taxes, as well as at least a 50% reduction in road taxes, and ferry and parking fees. These fiscal incentives were essential for shifting demand towards ZEVs and increasing their share in the car market. Given the success of electric mobility, the government is now working towards building a sustainable vehicle taxation system. The market for electric vehicles in Norway is led by Tesla.

As of 2022, the air in Oslo is much cleaner. The city is quieter because the noisy gasoline and diesel cars are almost a memory. Furthermore, Oslo’s greenhouse gas emissions have fallen by 30 percent since 2009. Nonetheless, as the NY Times reports, there has not been mass “unemployment among gas station workers and the electrical grid has not collapsed.”

At the end of 2022, the percentage of electric vehicles registered within the market share for cars in Norway peaked the 79.2% of the total sales. In contrast, in 2011, only under 5% of total vehicles’ sales was totally electric compared to 97% of diesel and gasoline fueled cars. 

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