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It got rich from oil, but now Norway has almost only electric cars.

2025-01-03 14:58:12Kosova&Bota SHKRUAR NGA REDAKSIA VOX

It got rich from oil, but now Norway has almost only electric cars.

Electric cars accounted for 89 percent of new cars sold in Norway last year, bringing the country even closer to achieving its goal of becoming fully electric by 2025, AFP reports.

"We only need 10 percent more to reach the 2025 target," the Norwegian Road Transport Association (OFV) announced in a statement.

Of the 128,691 new registrations last year, 114,400 were electric cars, the largest market share of any major national auto industry, up from 82 percent by 2023.

Despite being a major producer of oil and gas, and even developed and made rich from them in the 1960s and 1970s, Norway plans to make all new cars sold zero-emission starting in 2025, 10 years ahead of the target set by the European Union.

In 2012, electric cars accounted for only 2.8 percent of sales, but since then they have grown significantly thanks to various incentives.

Exempt from taxes

Electric cars are exempt from many taxes, making them competitive with internal combustion cars, which are subject to high taxes. They also enjoy tax exemptions, free parking in public parking lots, and use of public transport lanes.

Although some tax breaks and incentives have been reduced over the years, electric cars have become commonplace.

"It is essential to maintain incentives that favor the purchase of electric cars if the Government and Parliament want to achieve the goal they have set themselves," said Oyvind Solberg Thorsen, director of OFV.

Tesla is the leading electric car company in Norway, with 19 percent of the market, followed by Volkswagen, Toyota, Volvo and BMW.


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