This country proves that electric cars can replace thermal cars today

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After a market share of 96% of new vehicle sales in August 2024 in Norway, the electric car seems to have been definitively and almost unanimously adopted in this country.

For over a decade now, Norway has been something of a locomotive for electric cars in Europe. Foreign manufacturers, particularly Chinese ones, who want to rub shoulders with the Old Continent and take the pulse, first set up in Norway, where the electric car market is mature.

And in August 2024, the Scandinavian country has just set a new record. A press release from CPR Asset Management tells us that, out of 100 new cars sold in the country, 94 were 100% electricFor comparison, in France, we fluctuate between 15 and 20% in good months, while in Europe, we are more around 13 to 18%.

Soon 100% market share for electric cars?

It must be said that everything has been done for quite some time to encourage Norwegians to buy an electric car. Between the generous subsidiesor even the few advantages of circulation, such as access to bus lanescustomers do not necessarily have to ask too many questions about which energy to choose, especially since the charging network is extremely dense.

Market share of different engines over the years in Norway // Source: CPR AM

“If this trend continues, we will soon reach our goal of having a 100% zero-emission fleet by 2025”said Norwegian Road Federation (OFV) director Oyvind Solberg Thorsen, adding that total car sales increased slightly compared to last year.

What are the best-selling models?

In detail, in August 2024, more than 2,000 Tesla Model Y, 932 Volvo EX30 and more than 700 Skoda Enyaq were sold in Norway. Diesel and petrol vehicles accounted for only 2% of sales, the rest being plug-in hybrids. From January to August this year, Electric vehicles accounted for almost 87% of new passenger car sales in Norway.

Nissan Ariya // Source: Nissan

As a reminder, Norway, which is paradoxically a major producer of oil and natural gas, has set itself the objective to sell only zero-emission vehicles by 202510 years ahead of the EU target.

In Europe, it is rather the opposite effect that is taking place, with a slowdown in the growth of sales of electric cars in the majority of markets, between economic uncertainties and a reduction, or even abandonment, of subsidies.


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