EVs represent 37% of recent vehicle sales in Norway

EVs represent 37% of recent vehicle sales in Norway

Sales of electronic vehicles (EVs) made up 37% of total new sales in the industry last month, as the country’s battery-powered automobile industry continues to grow.

The Scandinavian nation has encouraged consumers into the EV market with a series of incentives including a 25% VAT tax exemption, which is a major factor in the recent rise in sales of EVs.

At the end of 2016, Norway reached the major renewable energy milestone of achieving 100,000 EVs on the road.

Norwegian EV association secretary general Christina Bu said: “Today we are celebrating 100,000 emission free battery electric cars on Norwegian roads. The present fleet cuts approximately 200,000 tonnes of CO2 emissions annually.

“We reached 100,000 battery electric vehicles (BEV) way earlier than most people expected. By 2020 our aim is 400,000.”

The environmentally-friendly nation aims to phase out petrol powered cars by 2025, and is on track for EVs to become the majority of car sales by the end of the year, if current rates continue.