March16 , 2025

Norway Turns Up the Dial on EV Market

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Norway firmly established itself as a global leader in electric vehicle adoption, achieving remarkable milestones in recent years.

In 2024, EVs accounted for 88.9% of all new car sales in the country, up from 82.4% in 2023, bringing Norway closer to its goal of exclusively selling EV cars by 2025.

Norwegian Success

Norway is firmly in the lead on electric vehicle adoption, with 88.9% of all-electric vehicle sales expected to be in 2024.

The country’s success is due to a comprehensive incentive system, including tax breaks, development of charging infrastructure, and consistent government policies to reduce the number of Internal Combustion Engine vehicles. Tesla, Volkswagen, and Toyota remain the market leaders, with Chinese brands accounting for 10% of the market.

Despite its success, the country faces challenges such as infrastructure strain, adaptation for tourists, and operating EVs in winter conditions.

Norway’s experience can serve as an example for other countries looking to transition to electric transport, proving that a combination of government subsidies, infrastructure investment, and public awareness can accelerate the EV revolution.

Key Сountries: The EV Market

The Norwegian electric vehicle market is characterised by high competition among manufacturers. In 2024, Tesla became the sales leader, followed by Volkswagen and Toyota. Chinese automakers also increased their presence, taking about 10% of the market.

EV Norwegian Market Challenges

Despite the progress in the electrification of transport, Norway faces challenges.

The rapid growth of electric vehicles puts pressure on the infrastructure, requiring more charging stations, especially in large cities.

Tourists unfamiliar with the operation of EVs need additional information and accessible charging points in tourist areas. Winter conditions have also had a negative impact on battery performance, which may reduce the popularity of electric vehicles in northern regions.

EVs Over Petrol & Diesel

The share of ICE cars has fallen to record lows in 2024, forcing automakers to adapt their strategies.

Tesla, Volkswagen and Toyota remain leaders, but Chinese brands such as BYD and NIO are making inroads, accounting for around 10% of the market.

Traditional carmakers are accelerating their transition to electric models to remain competitive. As a result, Norway has become a testing ground for new EV technologies, with automakers increasingly investing in battery capacity and infrastructure to meet demand.

The Future of EVs in Norway

After 2025, Norway will focus on developing EV technology and charging infrastructure. Long-range batteries, faster charging, and solar panels on EV roofs for extra energy are expected. Wireless charging roads and battery recycling are being developed.

The government will continue to support green transport, and the electric vehicle market will become even more competitive thanks to innovation and new manufacturers.

Norway has become a global leader in electric vehicles thanks to government support, tax incentives, and a well-developed infrastructure. Despite the challenges, the country continues to improve EV technology.

Norway’s experience shows that a comprehensive approach accelerates the transition to green transport, and other countries can use this example to develop their EV markets.

Stay tuned to Daily Euro Times for the latest insights!

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Author

  • Kristina Shuina

    Writer for the Daily Euro Times. Kristina is an experienced journalist with a diverse background in media and public relations, spanning both local and international markets. Kristina has worked internationally, as a PR specialist for a New York-based company, and as a volunteer journalist in Iceland producing documentaries and publishing her own book. Currently, Kristina conducts interviews and script content for Sci-Tech Suisse in Switzerland whilst writing for the Daily Euro Times.

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