Norway’s EV income rise to report 54% market share

“We are definitely on observe to attain the 2025 focus on,” OFV CEO Oeyvind Thorsen told a news conference.

EV profits accelerated in the last months of 2020, hitting its maximum level for any single thirty day period in December, with a 67 percent share of the car or truck marketplace.

Audi topped the 2020 profits with its e-tron SUV and Sportsback types as the very best-advertising new vehicles in Norway final year, while Tesla’s Product 3, the 2019 winner, was in next area.

EV sales are established to keep on to soar in 2021, industry analysts and car distributors stated, as additional versions are introduced to the market.

“Our preliminary forecast is for electric vehicles to surpass 65 per cent of the marketplace in 2021,” reported Christina Bu who heads the Norwegian EV Association, an curiosity team. “If we manage that, the goal of advertising only zero-emission automobiles in 2025 will be within get to.”

Tesla’s Product Y SUV is set to achieve the Norwegian market place this 12 months, as are the 1st electric SUVs from Ford, BMW and Volkswagen.

By contrast, cars with diesel-only engines have tumbled from a peak of 76 per cent of the in general Norwegian current market in 2011 to just 8.6 % very last 12 months.

New-car product sales in the nation final yr were being 141,412, of which 76,789 had been entire-electric powered.

While the EV market share will hold soaring, there is uncertainty all around how a lot of cars automakers will allocate to Norway as European need is raising, explained Harald Frigstad, CEO at Norwegian vehicle importer Bertel O. Steen.

The seller of Mercedes-Benz, Kia, Peugeot, Opel, Citroen, DS and Good brand names, predicted close to 70 percent of its sales would be of entire-electrical styles in 2021.