Norway offers an advantageous tax benefit to electric and hybrid vehicles, making them quite competitive in the market against petrol and diesel variants.
Cars are seen charging in free parking spaces for electric cars in central Oslo.
© AFP PHOTO / PIERRE-HENRY DESHAYES
Sales of new electric cars in Norway hit a record high last year, sector experts said, reaching 42.4 per cent of all nearly-registered cars in 2019, mostly thanks to strong demand for Tesla’s Model 3. Norway, a major oil producer that has pioneered electric mobility, offers a very advantageous tax regime for clean vehicles, making them highly competitive in cost terms against petrol and diesel vehicles. New e-car models arriving on the market should help push their share higher still this year, said OFV, a body which monitors Norway’s car market.
In 2019, 60,316 all-electric new cars were sold in Norway out of a total of 142,381, a rise of 30.8 per cent from the previous year when the market share of e-cars was 31.2 per cent. The Norwegian car importer association said it expects e-cars to take a market share for new cars of 55 to 60 per cent in 2020. New models including the Volkswagen ID.3, the Ford Mustang Mach-e, the Polestar 2 and the Peugeot e-208 are expected to boost e-car sales.