Electric vehicles accounted for 54 percent of cars sold in Norway last year, up 42 percent the previous year, to put the country ahead of its schedule in eliminating polluting vehicles from roads by 2025.
Norway, the largest crude oil producer in western Europe, has been using tax breaks to make EV models cheaper than similar petrol models.
According to the Norwegian Electric Vehicle Association, EV users also enjoy other incentives such as reduced fees on state ferries and toll roads and the use of bus lanes.
Electric vehicles now account for two-thirds of all sales during December.
Meanwhile, petrol and diesel cars had now decreased their combined market share from 71 percent in 2015 to 17 percent.
Carmakers have sought to use Norway as a testing ground for their EV ambitions. Volkswagen's Audi was Norway's market leader in 2020, selling 9,227 of its e-tron.
Tesla's Model 3, the 2019 leader, was relegated to second place with 7,770 sales, while Volkswagen's ID.3 was third with 7,754 cars sold.


MongoDB Stock Sinks 14% as Atlas Growth Misses Expectations
Tesla Cybercab Rides Launch in Austin as NHTSA Reviews Rollout
FTSE 100 Falls as US-Iran Conflict Drives Oil Prices Higher
Audi, SAIC Launch China Innovation Hub for New AUDI Models
U.S. Payrolls Seen Rebounding in August as Labor Market Stays Soft
Asian Stocks Tumble as Oil Surge Fuels Rate Hike Fears
Oil Prices Slip as Trump Eases Iran Supply Fears
Dollar Hits Two-Week High as Iran Conflict Lifts Oil and Bond Yields
Australia Trade Surplus Beats Forecasts in July as Exports Fall
India Services PMI Rises to 54.1 as Hiring Accelerates
Xiaomi Shares Jump on Europe EV Expansion Plan
Volkswagen Approves 50,000 More Job Cuts in Major Restructuring
Fast Retailing Shares Drop as Uniqlo Japan August Sales Fall
ByteDance Secures $29.6 Billion Loan to Boost AI Investment
Bank of England Sees Surge in Higher-Risk Collateral
Asian Currencies Rise as Yen Surges on BOJ Rate Hike Bets
US Tech Giants’ AI Bond Boom Raises Euro Zone Borrowing Risks




