Electric vehicle sales are accelerating and a direct example of this has become Norway, where in 2021, about two-thirds of new vehicle sales will consist of electric vehicles. Most of these electric cars belonged to Elon Musk’s electric automobile company Tesla. Last year’s vehicle sales record by The Road Traffic Information Council (OFV) of Norway shows that the total new sales in the country have increased by 25% last year.
OFV’s data shows that a record 176,276 cars have been sold in Norway in 2021, of which 65% are fully electric. This is much higher than the 54% EVs sold in 2020. This makes it clear that due to better charging infrastructure and good subsidies, people’s attention is now shifting towards electric vehicles. Electric vehicle sales are also showing a boom in India, but the charging infrastructure in the country is yet to improve.
Norway has exempted battery electric vehicles (BEVs) from the tax on internal combustion engines (ICE). The country has taken this step to reach its target of 80% electric vehicle adoption by the end of 2022. Electric vehicle sales are expected to increase after the big tax exemption. Something similar has also been seen in India, where the Tata Nexon EV and Tata Tigor EV electric cars in India are subject to government subsidies in electric four-wheelers, so their sales have seen a good increase. Nexon EV is the best selling electric car in India.
Data from OFV shows that Tesla held 11.6% of Norway’s total car market last year, surpassing Germany’s Volkswagen of 9.6% to become the number one brand on a year-on-year basis for the first time. The company’s Tesla Model 3 electric car has been liked the most by the people of Norway. Next comes Toyota’s hybrid RAV4 and Volkswagen’s electric ID.4 is at number three.
With a population of 5.4 million, Norway has the world’s highest proportion of electric vehicles, while China, with 1.4 billion people, is by far the largest car market (including BEV and ICE).