As the Report reports, this is reported by CNBC.
Despite its significant oil and gas reserves, Norway has long been considered a world leader in the introduction of new energy source vehicles (NEV). The share of electric vehicles in total new car sales in this country has grown from less than 1% in 2010 to 88.9% in 2024, and this trend shows no signs of abating, according to the TV channel.
According to the Norwegian Public Roads Authority, more than 96% of new passenger cars sold in the country in the first few weeks of this year were electric.
Such results bring Norway very close to the full transition to NEV and the implementation of the task first set by the country's legislators in 2017.
In Norway, electric vehicles are not subject to VAT, receive benefits from road tax and parking tax, as well as access to lanes allocated for public transport. In addition, the Government has invested heavily in the development of infrastructure for charging electric vehicles.
According to Norwegian Deputy Minister of Transport Cecilia Knibe Kroglund, Norway plans to completely replace city buses with electric ones in 2025, and by the end of the decade to increase the share of heavy-duty NEV to 75%.
