Overview
- Official OFV data show Norway registered a record 179,549 new personal vehicles in 2025, with battery‑electric cars making up 95.9% of the total and 97.6% in December.
- The buying surge was tied to a VAT policy shift that lowered the exemption threshold from 500,000 to 300,000 kroner effective January 1, 2026, pulling purchases into year‑end.
- Tesla led Norway with 19.1% market share and a record 34,285 registrations, even as its European performance deteriorated sharply in markets such as France and Sweden.
- Globally, BYD reported 2.26 million EV sales in 2025, surpassing Tesla, which delivered 1.64 million for the year and 418,227 in Q4, missing some Wall Street forecasts.
- Chinese automakers increased their presence in Norway to 13.7% market share in 2025 and expanded across Europe as competition intensified for incumbent brands.