Just curiosus: Norway makes most of its money with the Northern Sea oil exports
According to official statistics from the Norwegian Road Federation, more than half of the cars in circulation in the country are electric, is the first time it happens and is largely thanks to the registration of 5,315 Tesla Model 3 during the month of March.
The country’s statistics are quite astonishing with 58.4% of all electric cars in circulation throughout March 2019. In fact, during the first quarter of the year, the share remained at 48.4%.
Norway has made significant efforts to accelerate the deployment of electric cars in the country through a series of benefits and incentives that include:
- Elimination of 25% VAT on the purchase of an electric car
- Elimination of circulation tax
- Except for paying road tolls
- Elimination of import taxes
- Access to bus lanes
A major electricity grid has been implemented throughout the country. There are more than 10,000 points and the ability to quickly recharge more than 15.000 electric cars at the same time.
This was achieved through a public funding programme that aimed to have two fast charging stations every 50 kilometres on all major motorways in Norway. The plan has been a success with the network in operation with the exception of just two cities.
Finally, by 2025 all new vehicles sold in the country must be electric. The Norwegian Association of Electric Cars predicts that already in 2019 the market share will remain at 50%.