Saturday, September 13, 2025

Latest

Norway Becomes First Country to Overtake Gasoline and Diesel Models With Electric Vehicle Sales

It appears that Norway has taken the lead in the electrification of vehicles, becoming the first country to exceed gasoline and diesel models with electric car sales.

According to a report published by the Norwegian Road Federation (OFV), electric car sales accounted for 54.3% of all new vehicle registrations in 2020, setting a worldwide record. The report notes that some of the most popular EV models have been the Audi e-tron, the Tesla Model 3, the Volkswagen ID.3, and the Nissan Leaf.

The Nordic country, which also happens to rank in the top 20 of global oil producers, has been adamantly providing extensive subsidies in an attempt to encourage a rapid transition to electric vehicles. EV drivers in Norway are able to benefit from purchase/import tax exemptions, road tax exemptions, as well as discounts on parking, toll roads, and ferries.

Norway, which also plans to completely phase out the sale of gasoline and diesel cars by 2025, has also been heavily investing in EV-related infrastructure. In an attempt to expand EV sales, Norway’s government has been building a fast-charging station every 30 miles on all main roads, while increasing the tax burden on petrol-powered vehicles.


Information for this briefing was found via the Norwegian Road Federation. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

One Response

Video Articles

Avino Q2 Earnings: Steady As She Goes

MEG Energy: Cenovus Comes In With $7.9 BILLION Offer

Orla Mining Q2 Earnings: Musselwhite Changes Everything

Recommended

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Goliath Resources Hits 18.58 g/t Gold Over 5.00 Metres At Surebet

Related News

Lordstown Motors Plummets Amid Reports of DOJ Investigation

Shares of Lordstown Motors were sent plunging on Friday and even temporarily halted due to...

Saturday, July 3, 2021, 11:02:00 AM

Electric Vehicles Begin To See Their Operating Cost Advantages Versus Traditional Cars Erode

Electric vehicle (EV) manufacturers have faced many obstacles over the last six or months or...

Monday, May 23, 2022, 12:23:00 PM

Panasonic Scraps $4 Billion EV Battery Plant in Oklahoma, Casting Doubts On Industry

Major players in the automotive industry, including General Motors, Ford, Honda, and now Panasonic, are...

Thursday, December 21, 2023, 12:14:00 PM

Chinese EV Maker Nio Introduces New Vehicle; Illustrates Risks for North American OEMs

Investors have generally decided to award generous valuations to pre-revenue electric vehicle (EV) OEM developers,...

Sunday, December 26, 2021, 09:00:00 AM

Global Impact of China’s Lithium Battery Price Drop: What It Means for the Future of EVs

Prices for lithium-ion batteries in China are plummeting, marking a significant turning point for the...

Thursday, July 11, 2024, 08:01:00 AM