Stock Market News
In Norway, nearly all new cars sold in 2024 were fully electric
2025.01.02 05:46
OSLO (Reuters) – Nine out of ten 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. Top-selling brands were Tesla (NASDAQ:), followed by Volkswagen (ETR:) and Toyota (NYSE:).
“Norway will be the first country in the world to pretty much erase petrol and diesel engine cars from the new car market,” said Christina Bu, head of the Norwegian EV association.
