© Reuters. FILE PHOTO: Second-hand Fiat 500e cars, imported from California, U.S., are seen at the Buddy Electric car dealership in Oslo, Norway March 11, 2109. Picture taken March 11, 2019. REUTERS/Alister Doyle
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OSLO (Reuters) -Almost four out of five new cars sold in Norway last year were battery-powered, with Tesla (NASDAQ:TSLA) the top-selling brand for the second year in a row, registration data showed on Monday.
Seeking to become the first nation to end the sale of petrol and diesel cars by 2025, oil-producing Norway has until now exempted battery-powered fully electric vehicles (BEV) from taxes imposed on rivals using internal combustion engines (ICE (NYSE:ICE)).
The share of new electric vehicles rose to 79.3% in 2022 from 65% in 2021 and from a mere 2.9% a decade ago, the Norwegian Road Federation (OFV) said.
Tesla had a 12.2% share of the overall car market in Norway, making it the number one brand for a second consecutive year, ahead of Volkswagen (ETR:VOWG_p) with 11.6%.
The Tesla Model Y was the single most popular model of the year, ahead of Volkswagen’s electric ID.4 in second place, and Skoda Enyaq in third.
Source: Investing.com
