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Norway leads the EV revolution: 9 out of 10 cars sold in 2024 were electric, driving the nation closer to its goal of fully electric new car sales by 2025.
Nine out of ten new cars sold in Norway last year were powered by battery only, registration data showed on Thursday, placing the country within reach of its target of only adding cars that are electric on the road by 2025.
Fully electric vehicles accounted for 88.9% of new cars sold in 2024, up from 82.4% in 2023, data from the Norwegian Road Federation (OFV) showed. Top-selling brands were Tesla, followed by Volkswagen and Toyota.
"Norway will be the first country in the world to pretty much erase petrol and diesel engine cars from the new car market," said Christina Bu, head of the Norwegian EV association.
Oil-producing Norway penalises petrol and diesel cars with high taxes, while exempting EVs from import and value-added taxes to make them more attractive, although some levies were reintroduced in 2023.
The policy has worked because it has been consistent over time, maintained by governments of various political persuasion, experts said.
"Very often we see in other countries that someone puts tax incentives or exemptions and then they pull back again," Bu said.
Also helpful is the fact that Norway does not have an automaker lobby. "We are not a car-producing country ... so taxing cars highly in the past was simple," said Ulf Tore Hekneby, head of Norway's biggest car importer, Harald A. Moeller.
Having incentives, rather than banning petrol and diesel cars, was crucial too, said Bu. "That would (have) made people angry. People don't like being told what to do," she said.
The European Union has decided to ban sales of carbon-dioxide-emitting cars by 2035, but it may allow sales of cars that run on fuels made from captured CO2.
Norway's policies mean that fully electric cars last year overtook pure petrol cars on Norwegian roads. They accounted for more than 28% of all cars driven in the Nordic country as of December, according to Public Road Administration data.
"That's the big lesson: put together a broad package (of incentives) and make it predictable for (the) long-term," said deputy transport minister Cecilie Knibe Kroglund.
To be sure, while nearly all new buyers of cars in Norway have gone electric, some hold-outs remain. "The main buyers of ICE (internal combustion engine) cars in Norway are rental companies because many tourists are not familiar with EVs," said Hekneby.
Still, the rising share of EVs on Norwegian roads means other sectors have to adapt. At fuel stations, more and more petrol pumps are replaced with fast electric chargers.
"Within the next three years we will have at least as many charging stalls as we have pumps for fuel," said Anders Kleve Svela, a senior manager at Circle K, Norway's largest fuel retailer.
"In just a couple of years more than 50% of all the cars in Norway will be electric ... We have to ramp up our charging park according to that," he added.
For drivers, switching to an EV means it can take a little longer to charge a car in winter due to the cold weather. "Sometimes I miss that I just can pump it full and drive off five minutes later," said Desire Andresen, 28, an in-home caregiver, charging her car at a Circle K station outside Oslo.
"But I'm more comfortable with an electric car ... It's better for the environment and the diesel cars produce so much smell."
Four people were killed, including a child, in Ukrainian strikes on the Russian port city of Novorossiysk overnight, according to the governor of the Krasnodar region. Ukraine's drone forces commander, Robert Brovdi, said Russian military ships were destroyed in the attacks.
Overnight Iranian strikes on an air base in Jordan damaged multiple U.S. aircraft and left one without a wing, American media reported. Meanwhile, explosions were heard across parts of southern Iran according to local media reports.
Iran’s Revolutionary Guards (IRGC) said on Wednesday they attacked two U.S. vessels and eight oil tankers in the Persian Gulf, calling the strikes a response to a U.S. attack on five Iranian tankers.
Ukrainian forces struck a Russian oil refinery in Siberia and a seaport in Dagestan in the past 24 hours, President Volodymyr Zelenskyy said. He will meet Canadian Prime Minister Mark Carney on Thursday to discuss air defences for Ukraine over winter.
Iranian President Masoud Pezeshkian arrived in New Delhi on Friday to attend the weekend BRICS summit, amid the ongoing U.S.-Iran conflict, joining a host of foreign dignitaries.
Volkswagen’s supervisory board has approved a major overhaul aimed at cutting 100,000 jobs by 2030 as the German carmaker battles weaker sales, falling profits and intensifying global competition.
Chinese Premier Li Qiang has called on American companies to expand their presence in China and pledged that Beijing would address their "reasonable concerns," as China looks to stabilise trade ties with Washington ahead of President Xi Jinping's planned visit to the U.S. later this month
Apple is entering a new era as Tim Cook steps down as chief executive after 15 years at the helm, handing the technology giant's leadership to longtime executive John Ternus.
Volkswagen is heading towards a decisive showdown with labour representatives as Germany's largest carmaker weighs sweeping restructuring measures that could lead to factory closures and tens of thousands of job losses.
Online fast-fashion retailer Shein is seeking to raise up to $1.77 billion in a Hong Kong IPO after its valuation fell around 70 per cent from its private-market peak four years ago.
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