One country has clearly taken electric vehicles (EVs) to heart.
Last year in Norway, sales of EVs surpassed those of internal combustion engine (ICE) vehicles for the first time ever. EVs made up 54.3%R of all new cars sold in the country, a global record and far ahead of the 42.4% of sales in 2019. EV sales were just 1% of the Norwegian market in 2010.
But it’s not all about ecology.
The government nudges consumers along by exempting EVs from the hefty taxes that it levies on ICE vehicles, which means the government is using general tax money to favor one vehicle over another. Essentially, all Norwegians are subsidizing those who buy EVs.
Tesla’s Model 3 was the best seller in 2019, but last year Volkswagen’s Audi e-Tron SUV topped the list.