All-electric automobiles have hit a brand new document 54% market share of Norway’s whole new automobiles gross sales in 2020 – displaying that the purpose of 100% of recent automotive gross sales being all-electric by 2025 is achievable.

Norway and Electrical Automobiles

Whereas many international locations are simply now implementing objectives for electrical automobiles to interchange all new automotive gross sales by 2030 to 2040, Norway had its purpose to attain that by 2025 for years now.

The paradoxically oil-rich nation took an attention-grabbing strategy and as a substitute of giving rebates on new electrical autos, the nation already had sturdy taxes on gas-guzzling autos and gave tax exemptions to electrical autos.

It made many electrical autos extraordinarily aggressive within the nation and accelerated the shift of the automotive purchaser’s mindset on the subject of contemplating all-electric autos.

In flip, it pushed many automakers to supply extra electrical autos within the market- creating an ideal storm of sturdy demand for EVs in a market with the supply of many various electrical fashions to select from.

The Outcomes

These developments have propelled Norway into the forefront of EV adoption.

Whereas EV gross sales are globally representing about 3% of whole new automotive gross sales, Norway is displaying that it’s attainable to significantly speed up the transition.

In 2020, the market hit a brand new document with 54.3% of all new automobiles offered in 2020 being all-electric (BEV).

The transition of market shares between all-electric (BEV), plug-in hybrid (PHEV), hybrid (HEV), petrol and diesel over solely a 10-year interval is extremely spectacular:

In 2020, 76,789 automobiles have been all-electric out of 141,412 passenger autos delivered in Norway.

Availability of Electrical Automotive Fashions

Whereas the EV incentives by greater taxes for gas-guzzlers are actually the principle driver of the shift, the precise availability of various EV fashions can be making an enormous distinction.

Many automakers are focusing new electrical automobile launches within the Norwegian market because the curiosity for EVs is extraordinarily excessive there.

In the event that they don’t promote EVs in Norway, they aren’t promoting something within the nation.

For instance, the Audi e-tron was the best-selling automobile within the nation in 2020 and whereas the electrical SUV is out there globally, Audi made a less expensive variant with a smaller battery pack that isn’t obtainable in North America, however in style in Norway.

The nation additionally acquired plenty of VW ID.3 automobiles in 2020 whereas the electrical automobile remains to be in restricted provide.

Globally obtainable EVs are additionally nonetheless doing effectively within the nation with the Tesla Mannequin 3 being the second best-selling automobile in Norway final 12 months.

The native EV affiliation is aiming for the EV market share to leap from 54% to 65% in 2021 with the intention to obtain the purpose of 100% of recent automotive gross sales to be all-electric by 2025.

Norway is prone to beat 65% in 2021 with many new EVs hitting the market, together with the Audi This autumn e-tron, Tesla Mannequin Y, and plenty of extra.

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