Norway’s internal combustion engine car sales (petrol and diesel) are crashing to now just a handful per month, and the rest of the world will follow faster than you might think.
All-electric cars have hit a new record 54% market share of Norway’s total new cars sales in 2020 – showing that the goal of 100% of new car sales being all-electric by 2025 is achievable.
Electric car market share hit a record high in Norway for the first half of the year as overall car sales have been hit by the pandemic but less so for electric vehicles. Expand Expanding Close
Electric cars continue to dominate in Norway, as 2019 saw EV sales rise to 42.4%, up from 31.2% in 2018, according to OFV. This represents almost a 1/3 increase in EV sales from year to year.
Adding in plug-in hybrid sales, about 56% of Norway’s new car sales in 2019 had a plug.
Sales numbers were buoyed by a record year for Tesla, whose Model 3 was the most popular car in Norway in 2019.
Germany has taken the lead over Norway in annual EV sales for the first time, edging out Norway for total sales since the start of this year, as reported by Bloomberg. Currently, Germany’s 2019 total is 57,533 EVs, while Norway has sold 56,893.
This would be good news for Germany — if it weren’t so embarrassing for them and the rest of Europe. Norway is a tiny country with a population of 5.3 million, where the main industry is oil, and where the whole country is cold. Germany’s population is roughly 16 times larger than Norway’s. And yet, Norway has still had higher EV sales than every country in Europe until now.
Norway keeps impressing the world with its fast pace electric vehicle adoption, but what is most impressing is that they are doing it with relatively few options.
Automakers are now turning to the market to introduce new EVs early with pre-orders. The country now has reportedly over 30,000 electric vehicles on pre-orders. Expand Expanding Close
The new car sales numbers for September from Norway are in and the country, which is already known for spearheading electrification, is reaching new levels of electric domination and low emission average. Expand Expanding Close
Norway’s electric vehicle adoption rate is so far ahead of most countries that it gives us glimpses into the future of bigger markets – sometimes even decades ahead of time.
Now it is starting to show signs of demand for gasoline and diesel slowing down as electric vehicles are taking over. Expand Expanding Close
Norway has been leading the world for electric car adoption for years now. In December, EVs represented over 50% of new car sales – something that no other country can come close to at this point.
But now they have the ambition to also move to electric flight with a new goal to have all short-haul flights be all-electric by 2040. Expand Expanding Close
It means that if a passenger car is sold in Norway today, it’s more likely going to be a plug-in electric (BEV or PHEV) than a gas-powered vehicle. Expand Expanding Close
Local EV buyers are bracing for impact and Tesla naysayers are already calling it the end of the company’s success in the important market, but it’s not as simple. Expand Expanding Close
Norway has always been an important market for Tesla thanks to the country’s aggressive electric car incentives, but it’s quite apparently still growing.
Tesla is now on track for a record month of deliveries to close the quarter strong in the country. Expand Expanding Close
The electric car market was also interesting last month with Volkswagen delivering a record 996 all-electric VW e-Golfs in the country. Expand Expanding Close
We were talking just the other day about how slow it is to change the automotive market because of its gigantic size. With around 2 billion cars on the roads around the world and an annual production capacity of roughly 100 million cars, it takes 20 years to update the global fleet. It means that once all new cars sold are equipped with a new technology, like electric propulsion, it can take up to 20 years to refresh the fleet.
Of course, some markets will get there before others. Electric vehicles currently have difficulties reaching 3% market share in most countries. Norway has long been the exception to the rule and it is now breaking more market share records. Expand Expanding Close
Norway, a global leader in electric vehicle adoption, announced that it reached the milestone of 100,000 all-electric vehicles on the roads – something only a few countries can claim and certainly none of the size of Norway (~5.2 million people). It’s important to note here that we are talking about all-electric zero-emission vehicles (BEVs) and not just plug-in vehicles.
Despite this important milestone and being the global leader, BEVs only represent 3% of the vehicles on the road in Norway. The country has one of the most aggressive timelines to convert its entire fleet to zero-emission and it hopes its electric vehicle policies will inspire other countries, but the exploit also highlights how difficult it is to convert a national car fleet. Expand Expanding Close
Norway’s generous electric vehicle incentives helped the country become the top EV market per capita in the world. The government was set to phase out some of the incentives, like the exemption of the 25% VAT, but Norwegian news now reports that they passed an initiative to keep the VAT exemption for electric vehicles until 2020. Expand Expanding Close
Norway is still moving down the list of Tesla’s top-selling markets with another disappointing quarter in deliveries for the Model S. The market was the automaker’s biggest in Europe with about 8% of its total worldwide deliveries last year. Expand Expanding Close