welcome
CNBC

CNBC

Science

Science

Norway is set to become the first country to fully transition to electric vehicles

CNBC
Summary
Nutrition label

81% Informative

Norway 's electric vehicle sales have increased from less than 1% of total auto sales in 2010 to a whopping 88.9% last year .

The country is set to become the first country in the world to effectively erase gasoline and diesel cars from its new car market.

"This is the new normal," Norway 's Deputy Transport Minister Cecilie Knibe Kroglund said.

In the U.K. , industry data showed that EVs made up nearly 20% of new car registrations in 2024 .

Energy is relatively cheap in Norway (as large oil and gas exporter), which makes EVs more attractive.

Germany , Europe 's largest economy, abruptly removed EV subsidies in late 2023 in the wake of an agreement to overcome a budget crisis.

Small business owner?

Otherweb launches Autoblogger—a revolutionary way to bring more leads to any small business, using the power of AI.