Norway hits EV adoption record led by Tesla Model Y
Norway, the leading country for electric vehicle (EV) adoption per capita, has set yet another record. Last quarter, 82% of the new vehicles sold were battery-electric. The Tesla Model Y is the most popular model with 3,305 units delivered in March. The Nordic nation wants all new cars on the road to be electric-powered by 2025, and might even achieve the feat earlier.
Why does this story matter?
Several countries across the world are trying to remove ICE cars from their roads by 2030 and some even later. However, Norway wants to set an example and do it even faster. The record EV adoption in the country also indicates that people are slowly becoming aware of the dangers posed by fossil fuels and believe that electric cars are the way to go.
EVs accounted for 64.5% sales in 2021
Last year, electric cars accounted for 64.5% of the total sales in Norway, which is 10% more than the figures from 2020. Now, the nation has set a new record in the first quarter of 2022 wherein 82.9% of all new cars registered between January and March are EVs. Notably, in Q1 2021, 52% of new car sales were electric ones.
Sales of ICE cars plummet in Q1 2022
The sales of vehicles with internal combustion engines have plummeted to just 2,000 units in Q1 2022 and might reach almost zero by 2025. The future belongs to EVs like the Tesla Model Y, which sold 3,305 units and held a market share of 20.4%. Tesla Model 3 (10.4%) and Volkswagen ID.4 (6.8%) occupied the second and third positions on the sales chart, respectively.
EV growth hindered by supply chain problems
Due to the ongoing supply chain issue, the availability of EVs is getting hampered thus limiting their growth. Also, very few electric cars are hitting the market. If these issues are resolved, Norway will achieve its sustainability goal very soon.
