With a population of only 5.5 million, Norway is the third largest market for electric vehicles behind only China (1.3 billion), and USA (700 million). The only question, is why?
There is a low hum that Norwegians have grown used to as they walk down their streets. The sound of Teslas, Nissan Leafs, BMW i3s, VW e-Golfs and Kia Souls gliding past each other. While electric cars are increasingly noticeable in most capital cities, the sheer number in Oslo and throughout the rest of the country can surprise visitors. Norway has been described as a world leader and last year more than half of new car sales were electric or hybrid. The Norwegian parliament has set 2025 as the goal for all new cars to have zero emissions, compared with the UK’s 2040. However, such enthusiastic embracing of electric vehicles by ordinary Norwegians is not all down to ecological benefits but something more simple – money. While motorists are typically subject to punitive levels of taxation, those who buy a purely electric vehicle are rewarded with a string of incentives worth thousands of pounds. Buyers escape heavy import or purchase taxes and are also exempt from 25% VAT. They also avoid road tax, road tolls, pay half price on ferries, get free municipal parking in cities and can usually use bus lanes. Which is why the country is the […]