CNBC flew across the globe to meet with experts, government officials and locals to find out how the Scandinavian country pulled off such a high EV adoption…
CNBC flew across the globe to meet with experts, government officials and locals to find out how the Scandinavian country pulled off such a high EV adoption rate.Norway boasts the highest electric vehicle adoption rate in the world. Some 82% of new car sales were EVs in Norway in 2023, according to the Norwegian Road Federation . In comparison, 7.6% of new car sales were electric in the U.S. last year, according to Kelley Blue Book estimates.
The Norwegian government started incentivizing the purchase of EVs back in the 1990s with free parking, the use of bus lanes, no tolls and most importantly, no taxes on zero-emission vehicles. But it wasn't untilNorway's capital, Oslo, is also electrifying its ferries, buses, semi trucks and even construction equipment. Gas pumps and parking meters are being replaced by chargers. It's an electric utopia of the future.
"Electric cars are maybe a third of the price of gasoline because we have close to 100% hydropower. It's cheap. It's available and renewable. So that's a big advantage," said Petter Haugneland, the assistant secretary general of the Norwegian EV Association. CNBC flew across the globe to meet with experts, government officials and locals to find out how the Scandinavian country pulled off such a high EV adoption rate.
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