Norway’s EV Revolution: Oil Wealth Fuels Green Transition
In November, Norway registered over 10,000 new electric vehicles (EVs), maintaining a remarkable 93.6% EV market share for new car registrations. This success builds on previous months and surpasses November 2022’s figures, indicating the country’s EV transition is nearing completion. Tesla’s Model Y led sales, while the Volvo EX30 secured second place, highlighting the growing EV model diversity. Norway’s achievement stems from government incentives, though these have been adjusted recently to promote alternative transportation methods and address the high cost of luxury EVs.
John Q. Hosedrinker