Norway leading the world in per-capita sales of electric cars

Norway leading the world in per-capita sales of electric cars

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Norway’s latest sales data for the first six months of 2019, announced by the Norwegian Road Federation, unveiled that almost half of the new cars sold in country were fully electric vehicles, which ensures that the Nordic nation is not going to lose its leading position in electric vehicle sales worldwide.

About a quarter of the vehicles sold in Norway during the first six months of last year were powered by fully electric engines, which highlight the 100% rise in EV sales in the country.

The data, announced on Monday, also revealed that the Tesla’s Model 3 was the top-selling vehicle in Norway, which sold 3,760 vehicles only in the month of June to grab 24.5% share of all the vehicles sold during the month.

Exceeding the 31.2% share of all new cars sold in the country for the full year 2018, electric cars, from January to June, succeeded to raise their share to 48.4%. These rising figures also make the Nordic country global leader in per-capita sales of electric cars by a margin that is much wide to be achieved.

The oil-producing Norway is in plans of ending the sales of petrol and diesel engines by 2025, for which it has not only exempted electric engine cars from the heavy taxes levied on vehicle that use fossil fuel as power source but the country also offers benefits to battery-driven cars such as discounts on road tolls.

The strategy resulted in bolster the sales of brands like Tesla, Hyundai, BMW and Nissan, which all offer fully electric cars in the country, rather than offering hybrids that have combustion engines alongside the electric motors in the car.

The International Energy Agency (IEA), which also counts the hybrids towards electric cars, measured Norway leading with 39% share of sales in 2017, while Iceland is though at second place but far behind with 12% of the share and Sweden at third place with 6% share of the sales.

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She is the Managing Editor for in-depth discussions and analysis as well as breaking news at Markets Morning. She works closely with Editor-in-Chief Zac Berry on content and publishing initiatives for the site. Brianna Clemons has worked as a financial journalist and editor since 1997. She lives in Bucks County, PA, with her husband, four young children and one dog.

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