Business & Investment

Electric vehicles rise to record 54% market share in Norway in 2020

© Reuters.Tesla’s car parked on a driveway in Nesoddtangen


By Victoria Klesty

Oslo (Reuters)-Last year, electric vehicles sold in Norway outperformed vehicles with gasoline, diesel and hybrid engines, and German car maker Volkswagen (DE :) replaced Tesla (NASDAQ :) with batteries. Became a top manufacturer of cars. The data was shown on Tuesday.

So-called Battery Electric Vehicles (BEVs) account for 54.3% of all new vehicles sold in Scandinavia in 2020, a world record, from 42.4% in 2019 to just 1% of the total market 10 years ago. Has increased. The Norwegian Road Federation (OFV) said.

For Norwegian new car sales graphics:

Aiming to be the first country to end sales of gasoline and diesel vehicles by 2025, oil-producing Norway is completely exempt from taxes on fossil fuel-dependent people. ..

This policy has transformed the country’s car market into a laboratory for car makers looking for a way to a future without internal combustion engines, and in recent years has pushed new brands and models to the top of the best-selling list.

BEV sales topped 50% in a month, but in 2020 it was the first time that fully electric vehicles exceeded the total number of models with internal combustion engines for a year overall.

“We are definitely on track to reach our 2025 goal,” OFV CEO Oeyvind Tramen said at a news conference.

BEV sales accelerated in the last few months of 2020, reaching their highest levels in any month of December, gaining a 66.7% share of the automotive market.

For Norwegian new car sales graphics:

Volkswagen’s Audi brand surpasses the 2020 leaderboard in e-tron sports utilities and sportsback cars as the best-selling new passenger car in Norway last year, with Tesla’s mid-sized model 3 in second place in 2019 I was driven away.

Sales of electric vehicles will continue to skyrocket in 2021 as more models are introduced to the market, industry analysts and car dealers say.

“Our preliminary forecast is that electric vehicles will exceed 65% of the market in 2021,” said Christina Boo, who heads the Norwegian EV Association, an interest group. “If we manage it, we will be able to achieve our goal of selling only zero-emission vehicles in 2025.”

Tesla’s medium-sized sports utility vehicle, the Model Y, will enter the Norwegian market this year, as will the first electric SUVs from Ford, BMW and Volkswagen.

In contrast, vehicles with diesel-only engines plummeted from a peak of 75.7% in the Norwegian market in 2011 to 8.6% last year.

Last year, domestic new car sales were 141,412 units, of which 76,789 were completely electric vehicles.

Harald Frigtad, CEO of Norwegian car importer Bertel O. Steen, said electricity market share continues to rise, but as European demand increases, producers are uncertain about the number of cars they will allocate to Norway. Said that.

Daimler (OTC :) Mercedes-Benz and Kia, Peugeot (OTC :), Opel, Citroen, DS and smart brand sellers have predicted that by 2021, about 70% of sales will be fully electric models.

Electric vehicles rise to record 54% market share in Norway in 2020 Electric vehicles rise to record 54% market share in Norway in 2020

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