Tesla in pole position in Norway's race to EV goal

Tesla in pole position in Norway
# 03 January 2023 02:27 (UTC +04:00)

Four out of five new cars sold in Norway in 2022 were battery powered, led by Tesla, but some in the industry say new taxes could thwart the country's goal of becoming the first to end the sale of petrol and diesel automobiles by 2025, APA reports citing Reuters.

Elon Musk's electric-only Tesla Inc. (TSLA.O) sold more cars in Norway than any other brand for a second consecutive year, clinching a 12.2% share of the overall market ahead of Volkswagen (VOWG_p.DE) with 11.6%, registration data showed.

While China is by far the biggest car market overall, Norway with its 5.5 million inhabitants, has achieved the world's highest proportion of electric vehicles with the help of generous subsidies, making it a proving ground for auto makers launching models.

The share of battery electric vehicles (BEV) sold rose to 79.3% of all new cars in 2022 from 65% in 2021, up from 2.9% a decade ago, the Norwegian Road Federation (OFV) said.