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Norway’s EV Registration Surge 2014-2022
Norway set a target for all new car sales to be electric by 2025 and ban the sale of conventional cars.
Norway has implemented strong EV policies and incentives which started in 1990 with the temporary cancellation of import tax that was then made permanent in 1996.
Besides the abolishment of import tax on purchases, its incentives include 25% VAT exemption, no road tax, no toll charges or charges on ferries, free parking, and access to bus lanes.
December 2022 was a record-breaking month for EV registrations in Norway, due to an influx of battery-powered EV deliveries in the final month of the year.
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The State of the Electric Vehicle Revolution 2023
Global electric vehicle (EV) stock has surpassed 30 million, and China is home to over half of all the EVs on the world’s roads. 1 in 7 new cars sold last year was electric, and by 2030, we will have 138 Million EVs.
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