Overview

• Norway has achieved a remarkable 88.9% electric vehicle (EV) share of new car sales in 2024, far surpassing the global average of 18% in 2023.
• Government incentives, including tax breaks, toll exemptions, and access to bus lanes, have played a key role in promoting EV adoption, though some perks are now being scaled back.
• The country benefits from a renewable energy grid powered primarily by hydropower, making EV charging both cost-effective and environmentally friendly.
• Critics argue Norway's model is not easily replicable elsewhere due to its small population, high wealth levels, and unique energy infrastructure.
• Despite its success, Norway has not banned combustion engine vehicles but has made them prohibitively expensive through taxes, leading to a steep decline in their sales.