Electric vehicles are thriving in NorwayMarch 23, 2018
Norway is a leader in clean transportation adoption
Automakers throughout the world are competing to establish a market lead with their electric vehicles. Some are finding more success than others in certain countries, but nearly every automaker is finding success with their electric vehicles in Norway. According to a report from the International Energy Agency, more electric vehicles are sold in Norway than any other country in the world. The country is even ahead of China in terms of sales, despite the fact that China holds the title as the world’s largest market for clean cars.
Electric vehicles and hybrid now account for 30% of all cars operating in Norway
Currently, 30% of all cars in Norway are powered by electricity or hybrid energy systems. The country has been aggressive in the clean transportation field, setting ambitious targets for itself and pressuring automakers, both foreign and domestic, to produce clean cars. Part of the reason Norway has been so successful in its endeavors is because automakers find it relatively easy to do business within the country. Compared to China, the Norwegian market has relatively few barriers to entry, which has helped electric vehicles thrive.
China retains title as world’s largest clean transportation market
While Norway is adopting clean transportation more quickly than other countries, China still holds the world’s largest share of the clean transportation market. Consumers throughout China have been very responsive to electric vehicles in recent years. This is partly due to a large portion of the country’s population becoming wealthier. As consumers begin to see more economic opportunities, they have shown themselves willing to purchase clean vehicles. This is especially true if government subsidies are being offered to help reduce the overall cost of these vehicles.
Japan and South Korea have focused their efforts on fuel cell vehicles
Several countries are working to catch up to China and Norway in terms of clean transportation adoption. Both Japan and South Korea have taken a very specific approach to this endeavor in their support of hydrogen fuel. The countries are working to establish a comprehensive hydrogen infrastructure in order to support the launch of vehicles equipped with fuel cell systems.