Norway’s EV sales increase to history 54% market place share

“We are absolutely on track to get to the 2025 focus on,” OFV CEO Oeyvind Thorsen informed a news meeting.

EV profits accelerated in the closing months of 2020, hitting its best level for any single thirty day period in December, with a 67 p.c share of the automobile current market.

Audi topped the 2020 sales with its e-tron SUV and Sportsback designs as the greatest-advertising new cars and trucks in Norway very last 12 months, while Tesla’s Model 3, the 2019 winner, was in second area.

EV profits are established to carry on to soar in 2021, sector analysts and motor vehicle distributors said, as extra products are brought to the marketplace.

“Our preliminary forecast is for electric cars to surpass 65 p.c of the marketplace in 2021,” mentioned Christina Bu who heads the Norwegian EV Affiliation, an interest group. “If we deal with that, the goal of offering only zero-emission cars and trucks in 2025 will be in achieve.”

Tesla’s Design Y SUV is established to access the Norwegian market place this 12 months, as are the initial electrical SUVs from Ford, BMW and Volkswagen.

By contrast, autos with diesel-only engines have tumbled from a peak of 76 % of the total Norwegian sector in 2011 to just 8.6 per cent final calendar year.

New-motor vehicle sales in the region very last year ended up 141,412, of which 76,789 were full-electric powered.

Though the EV industry share will keep rising, there is uncertainty close to how several automobiles automakers will allocate to Norway as European demand from customers is rising, said Harald Frigstad, CEO at Norwegian car or truck importer Bertel O. Steen.

The seller of Mercedes-Benz, Kia, Peugeot, Opel, Citroen, DS and Clever manufacturers, predicted around 70 % of its revenue would be of whole-electric designs in 2021.