Nine in 10 new cars in the country are now battery-powered, and it aims to hit 100% later this year.

Summary

Norway leads the world in electric vehicle (EV) adoption, with EVs making up nearly 90% of new car sales in 2024 and over 30% of all cars on its roads.

This shift, driven by decades of policies like tax exemptions for EVs, higher taxes on fossil fuel cars, and perks like free parking, has put Norway on track to phase out new fossil fuel car sales by 2025.

The country’s wealth, renewable hydroelectric power, and extensive charging network have enabled its EV revolution, serving as a model for other nations.

  • theherk@lemmy.worldEnglish
    62·
    1 day ago

    I’m not sure how all the current math shakes out, but I don’t think they do require that. The sovereign wealth fund is making more money on its investments than is being generated by the sale of oil. I think, but me and Jon Snow know all the same stuff about this.

    • Nougat@fedia.io
      5·
      1 day ago

      About 127,000 new cars were sold in Norway in 2023. Whether they’re all electric or not is pretty irrelevant when in the same year, Norway exported about 475 million barrels of crude oil.

      • theherk@lemmy.worldEnglish
        31·
        1 day ago

        Oh don’t mistake me for saying their hands are clean or that they aren’t exporting tons of oil. I’m just saying the oil could stop flowing and that fund would keep right on making money.