Norway Is On Track To Win The EV Transition Race
Anis
5-2-2025
Norway is nearing its goal of selling only zero-emission cars by the end of this year, with electric vehicles making up nearly all of January's new car sales. The Norwegian Road Federation (OFV) reported 96% of new car registrations were electric, a record-breaking number.
Of the 9,343 new cars delivered, 8,954 were all-electric. Only two of the top 50 best-selling models were non-electric, with the first ranking 33rd, according to the OFV.
The major oil and gas producer aims to only sell emission-free vehicles by 2025, a decade ahead of the EU target. However, the European Automobile Manufacturers' Association (ACEA) reports that electric vehicles (EVs) only held 13.6% of the European market in 2024. This marks the first decline in EV market share since 2020.
"We've never seen this before... If the rest of the year continues like this, we will very soon be close to the 2025 goal," OFV director Oyvind Solberg Thorsen said in a statement.
"But if we want to cross the finish line with 100 percent electric cars, it will be necessary to maintain the incentives that make it profitable to choose an electric car over other other models," he added.
Rather than banning combustion-engine vehicles, the government has influenced consumer preferences. In addition to penalising fossil fuel vehicles with increased taxes and registration fees, VAT and import charges were eliminated for low-emission vehicles. A series of benefits, such as free parking, reduced road tolls, and access to bus lanes, then followed.
In comparison, the European Union plans to end the sale of new fossil-fuel vehicles by 2035, while the present administration in the United Kingdom intends to do the same in 2030. Petrol and diesel car sales are still permitted in Norway but few are choosing to buy them.
Norway has seen a significant shift towards electric vehicles, with many petrol stations replacing fuel pumps with fast-charging points. There are currently over 27,000 public chargers across the country, equating to 447 chargers per 100,000 people.
This infrastructure has supported the rapid adoption of EVs, with Tesla, Volkswagen, and Toyota leading the market last year. Additionally, Chinese brands like MG, BYD, Polestar, and XPeng have gained traction, now representing 10% of the Norwegian EV market, according to the Norwegian Road Federation.
Even if EV sales fail to meet the 100 percent mark this year, experts say that Norway can be seen as having met its goal.
"We should finish the year at between 95 and 100 percent, and probably even in the high end of this range," Christina Bu, head of the Norwegian Electric Vehicle Association, told AFP.
Written By
Anis
Previously in banking and e commerce before she realized nothing makes her happier than a revving engine and gleaming tyres........
JPJ Running Numbers
KUALA LUMPUR
VPC873
SELANGOR
BSE4402
JOHOR
JXW4803
PULAU PINANG
PRQ3417
PERAK
ANV3402
PAHANG
CFB6571
KEDAH
KGA4221
NEGERI SEMBILAN
NEF7075
KOTA KINABALU
SJK7319
KUCHING
QAB3039L
Last updated 01 May, 2025
Fuel Price
Petrol
RON 95
RM 2.05
RON 97
RM 3.18
RON 100
RM 5.00
VPR
RM 6.23
Diesel
EURO 5 B10
RM 2.88
EURO 5 B7
RM 3.08
Last updated 01 May, 2025
Related News
Norway Boasts 95.3% EV Adoption as Malaysia Struggles with Charger Rollout
Norway is closer to its 2025 zero ICE vehicle goal with an EV adoption rate of 94.3%.
04-09-2024
Norway Boasts 95.3% EV Adoption as Malaysia Struggles with Charger Rollout
Norway is closer to its 2025 zero ICE vehicle goal with an EV adoption rate of 94.3%.
04-09-2024
Latest News
New Aston Martin DBX S Gets Lighter and Faster Than the 707
The Aston Martin DBX super-SUV gains a new flagship S variant, featuring up to 717 HP and weighing 47 KG less.
30-04-2025
Trump Administration Offers Relief On Auto Tariffs
Donald Trump signs an order that will exempt domestic auto makers from certain aspects of his massive tariff plan.
30-04-2025
Ferrari 296 Speciale Unveiled as an 868 HP-Rated Super-PHEV
The Ferrari 296 gains two new Speciale variants, featuring tons of carbon fibre parts and up to 868 HP of power.
30-04-2025
Auto Shanghai 2025: Nissan Frontier Pro Debuts as Brand’s First PHEV
Silently making its global debut at Auto Shanghai 2025 is the new Nissan Frontier Pro—the brand’s first PHEV model.
29-04-2025
Chery Tiggo 4 HEV Detailed – 1.5L CSH with Up to 1,000 KM of Range
We took a closer look at the Chery Tiggo 4 HEV, one of the Chery Super Hybrid models tipped to debut in Malaysia soon…
29-04-2025
Porsche Considers Quitting EVs in China
Porsche may stop producing EVs in China as it struggles with the country's EV market.
29-04-2025
New Chery Omoda C3 Revealed As Global Small Car Offering
New Chery Omoda C3 previewed globally in Wuhu, China, and it’s aimed at competing in the global small-segment market.
28-04-2025
Chery Himla Pick-Up Truck ICE Variants Detailed – Petrol & Diesel Available
We’ve been given new details regarding the powertrain specs for the ICE variants of the Chery Himla pick-up truck.
26-04-2025
Show More
trending_flat