EV consumption in Norway has been steadily increasing since 2013 when the market share was just around 8%. Norway offers a slew of benefits to electric car owners including lower taxes and free charging points.
However, overall car sales slid about 7% in 2018, the NRF data showed. This has been a deviation from the earlier steady increase in year-over-year auto sales. Nissan, BMW and Volkswagen and Tesla (TSLA) were the top sellers last year.
Meanwhile, data compiled by The International Energy Agency shows EV market share in Norway at around 40%, including hybrid vehicles. This is miles ahead of the runner-up Iceland, which has about 12% market penetration. The US and China are way below these European countries with a market share of 1.2% and 2.2% respectively.
Tesla reports Q4 production and deliveries, reduces price in US
The US government had recently slashed its EV tax credit by half to $3,750, effective January 1. Following this move, EV pioneer Tesla had reduced the price tag on its new electric vehicles by $2,000 to offset the tax credit cut.