Norway will not allow emission-free new cars until 2025 – ten years earlier than planned by the EU. On the way, a new record was set in the Scandinavian country.
Because almost all new cars registered in August were electric – the share was 94.3 percent, the country’s transport authority announced on Monday. In August, 10,480 new electric cars were registered. Most were Model Ys from US manufacturer Tesla, which had a market share of 18.8 percent. Hyundai’s Kona and Nissan’s Leaf also sold well in Norway.
The head of the transport authority, Öyvind Solberg Thorsen, explained: “If this trend continues, we will soon be on track to achieve our goal of 100 percent zero-emission cars by 2025.”
Huge tax benefits
The reason for the record in August is the high tax reduction, which subsidizes the price of an electric car up to that of a car with a combustion engine.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
