100% electric cars accounted for 89% of new models sold in Norway in 2024, according to a report released this Thursday by the “Norwegian Road Federation” (OFV).
According to the report revealed by the “AFP” agency, of the 128,691 new car registrations in 2024, 114,400 were electric models, representing the highest share of any major car market, and up from 82% achieved in 2023.
Despite being a major producer of oil and gas, Norway aims for carbon neutrality, with the goal that from 2025, all cars sold in the country will be 100% electric, which is 10 years ahead of the target set by the European Union, of which Norway is not a member.
It is worth noting that in 2012, electric vehicle sales in Norway represented only 2.8%, but the growth recorded in recent years is attributed to the policy of incentives for purchasing 100% electric cars.
Moreover, cars with internal combustion engines have become heavily taxed, making zero-emission models more competitive.
“It is crucial to maintain incentives that favor the purchase of electric cars if the government and parliament want to achieve the goal they themselves set”, said Oyvind Solberg Thorsen, director of OFV, in a press statement.
Tesla is the leading electric vehicle brand in Norway, with a market share of 19%, followed by VW, Toyota, Volvo, and BMW.
However, in the last five years, and according to data revealed by “Reuters”, Chinese brands have come to represent almost 10% of electric vehicle sales in Norway.
The combined market share of Chinese manufacturers such as MG, part of SAIC Motor, BYD, and XPeng grew in 2024 to 8.8%, compared to 5.1% recorded in 2023 and 4.1% in 2021, according to calculations by “Reuters” based on OFV data regarding the top 20 car brands sold in Norway.
