Chinese manufacturer seizes opportunity as EVs dominate Norway's new car market in 2024

Nine out of 10 new cars sold in Norway last year were powered by battery only, registration data showed on Thursday, placing the country within reach of its target of only adding cars that are electric on the road by 2025.

Fully electric vehicles accounted for 88.9% of new cars sold in 2024, up from 82.4% in 2023, data from the Norwegian Road Federation (OFV) showed.

Oil-producing Norway penalises petrol and diesel cars with high taxes, while exempting EVs from import and value-added taxes to make them more attractive, although some levies were reintroduced in 2023.

Fully electric cars accounted for more than 28% of all cars driven in the Nordic country as of December.

Chinese electric car brands made significant inroads.

Brands such as MG, BYD, Polestar, and XPeng have seen notable growth, and entered the top 15 best-selling brands.

The rising share of EVs on Norwegian roads means other sectors have to adapt, as filling stations replace more and more petrol pumps with fast electric chargers.

While nearly all new buyers of cars in Norway have gone electric, some hold-outs remain.

The European Union has decided to ban sales of carbon-dioxide-emitting cars by 2035, but it may allow sales of cars that run on fuels made from captured CO2.

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