Norway may be the first to achieve 100% electric vehicle sales in April next year.

Published: Sep 26, 2021 08:51

According to foreign media reports, Norway has been in a leading position in global electric vehicle sales. The market share of electric cars in the country is increasing month by month, while the share of fuel vehicles in the new car market is gradually declining, and the speed is almost faster than expected. As a result, Norway plans to stop selling new fuel cars by 2025, a goal far ahead of other countries.

But fuel trucks may not last that long in Norway. According to an analysis published by Motor, a magazine owned by the Norwegian Automobile Federation (Norwegian Automobile Federation), sales of fuel vehicles in Norway continue to decline, and the last one is expected to be sold in Norway in April 2022, seven months later.

The Norwegian Road Transport Commission publishes monthly sales figures for all cars sold across the country, including new car sales for each powertrain. Recent statistics show that non-electric models account for less than 10% of new car sales in Norway, down from about 21% in the same period last year.

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The trend of gasoline and diesel vehicle sales in Norway since January 2017. In July this year, Norwegian fuel vehicle sales fell below 1000 for the first time.

If the trend of the past few years continues, the trend line will reach zero in April 2022, much earlier than Norway's 2025 target. However, as mentioned in the Motor article, the last fuel car may not be sold in April 2022, as not every market segment has a good alternative to electric cars, and there are always some exceptions.

However, of the 15 best-selling cars in Norway since the beginning of the year, 14 are all electric, while the other RAV4 Prime is a plug-in hybrid, ranking second in sales; the Toyota Corolla hybrid ranked 16th, and it was not until 38th that there was a Volkswagen Tiguan diesel without an electric engine.

The main reason for Norway's lead in electrification transformation is the tax preference for electric vehicles. In Norway, fuel vehicles pay a large tax, while electric cars do not. As a result, consumers can buy better electric cars at any price than competitive fuel cars, so sales of electric vehicles in Norway have been on the rise, even though they have even lost some perks in recent years, such as no free parking and free tolls.

Another reason is the increase in the diversity and selectivity of electric vehicles, which also plays a role in the general cultural tendency of electric vehicles. With the elimination of fuel vehicles a fait accompli, no one wants to be dragged down by a car that may not be able to refuel in 10 years' time. After all, in Norway, some gas stations are already replacing fuel pumps with charging piles.

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Norway may be the first to achieve 100% electric vehicle sales in April next year. - Shanghai Metals Market (SMM)