Norway sets new world record: 94% market share for electric cars

Norway set a new world record in August 2024: 94% of all new registrations were for electric cars. The country is thus impressively continuing its pioneering role in the global transition to zero-emission vehicles. While sales of electric vehicles are stagnating in other parts of Europe, the market in Norway is booming. The country's ambitious goals of only allowing zero-emission vehicles from 2025 are coming ever closer.

Tesla Model Y dominates the market

A key driver of this success is the Tesla Model Y, which accounted for 18.8 percent of all new registrations in August. This consolidates Tesla its leading position on the Norwegian market. However, other models such as the Hyundai Kona and the Nissan Leaf are also contributing to the success and show that the demand for electric vehicles in Norway is broad-based.

A total of 10,480 new electric cars were sold in August, bringing the total number of e-cars registered since the beginning of the year to 68,435. These figures underline how far ahead Norway is of other countries in terms of electromobility.

Norway outperforms Europe in the race for electromobility

While Norway shines with its record market share of 94 percent, things look less rosy in other parts of Europe. High prices and an inadequate charging infrastructure are holding back sales of electric cars in the EU. Instead, hybrid vehicles, which combine fossil fuels with electric batteries, are recording rising sales figures.

In July, electric cars accounted for just 12.1% of new car sales in the EU. Petrol cars and hybrids dominated the market, highlighting the challenges that many EU countries are facing in the transition to electromobility.

Ambitious targets for 2025: Norway sets standards

Norway, a country that ironically is also a major producer of oil and gas, has set itself the target of selling only zero-emission vehicles by 2025. This ambitious target is a full ten years ahead of the European Union's and shows how seriously Norway is taking the transition to sustainable mobility. To achieve this, the country is relying on generous tax incentives that make electric cars more attractive to consumers and significantly reduce the price difference compared to conventional vehicles.

The Director of the Norwegian Public Roads Administration (OFV), Øyvind Solberg Thorsen, is convinced that Norway is well on the way to achieving this goal. "No country in the world even comes close to Norway in the race for electric cars," explains Thorsen, emphasizing Norway's leading role in global electromobility.

Norway: a role model for the world

Norway impressively demonstrates that the transition to zero-emission vehicles is possible if the right political and economic framework conditions are put in place. While many countries are still struggling with the challenges of infrastructure and pricing, Norway is well on the way to achieving its ambitious climate targets. The new record of 94 percent electric car share of the new car market in August 2024 is a strong signal to the rest of the world: electric mobility is the future, and Norway is the role model.

Keywords: Norway electric cars, Tesla Model Y Norway, e-car market share Norway, Norway e-car record, zero-emission vehicles Norway, electric mobility 2025, Tesla Model Y market leader, tax incentives for electric cars Norway, electric car sales figures Norway, electric cars Europe comparison

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