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Why Norway is the World’s Top Seller of Electric Cars

by Uneeb Khan
selling your car

Norway has become the world’s top seller of electric cars per capita, and it’s easy to see why—there’s practically no need to show them off. As anyone who has been in Norway can tell you, just about everyone drives around in an Electric Sell Car, and they don’t care that they all look alike because they are quite proud of their choice to go green and do their part to save the environment from unnecessary carbon emissions caused by gasoline-powered vehicles. Why?

The oil crises of 1973 and 1979

The 1973 and 1979 oil crises had a significant effect on many countries, with consequences that reverberated for decades. However, Norway was one country where it led to a strong electric car market. When petroleum prices surged, Norwegian politicians took swift action to curb demand by introducing strict regulations and levying steep taxes on oil-powered cars. These policies stayed in place long after prices fell as demand never recovered—Norwegians simply weren’t interested in returning to their former gas-guzzling habits.

National strategy drives aggressive policy

Norway has used a variety of strategies to encourage electric vehicle adoption for over two decades, starting with a progressive fuel tax and sales tax regime in 1991 that ensured people would pay more for their traditional car than an electric one. There were also generous government subsidies on electric vehicles until 2012 when they became competitive with traditional vehicles. Finally, there are aggressive policies in place that make it difficult to buy any other type of vehicle; some argue that these policies have even gone too far.

A predictable path from purchase to payment

It takes less than five minutes to buy a Nissan Leaf in Norway. An imported U.S. model costs around $38,000, but no sales tax is added because electric cars qualify for lower rates; they’re taxed based on weight, not on their value. Norwegian drivers don’t need a driver’s license or road registration to operate them as long as they are above 16 years old and there are tax breaks for low-income earners who take public transportation and drive electric vehicles only a few miles each day.

One tax lever – car taxes based on carbon emissions

Taxing vehicles based on carbon emissions could make electric cars more competitive than gasoline-powered vehicles. Additionally, this measure would generate revenue from drivers that can be used to invest in infrastructure for electric cars. It’s an idea worth exploring. 1) How did Norway become the world’s top-selling electric-vehicle market per capita?
2) The country has been a major seller of electric cars since it first introduced incentives back in 1997.
3) The incentives have included tax breaks and exemptions, exemptions from tolls and public parking fees, exemptions from import duty and value added tax, and access to bus lanes.

Low speed limits reduces accidents

Electric cars are not only better for the environment, they’re much safer than traditional vehicles.
Electric vehicles have longer braking distances and lower top speeds, so they’re less likely to be involved in high-speed accidents. The pedestrian-protection systems on electric cars–especially in case of crashes with pedestrians or other smaller cars–are much better than what you find on regular cars, because electric motors tend to just putter out instead of producing torque that can hit someone hard.

Electricity price subsidies reduced electricity consumption

You’ve probably heard that electric cars are great for the environment because they don’t run on gas and consequently emit much less CO2, NOx and particulate matter into the atmosphere. But are they also good for your wallet? On average, electric cars are about 20% more expensive than a comparably-sized gasoline vehicle. However, in Norway, when all costs associated with ownership including purchase price (including import duties), lifetime operational costs and indirect costs like time value of money (ex.

Rapid build out of charging infrastructure

It all started with incentives for electric cars. In 2005, the Norwegian Parliament passed legislation mandating that by 2010, 50% of all new cars registered in Norway would be zero-emission vehicles (ZEVs). With only two years to go, they had not even reached this target. To boost electric car sales and meet their goal before time ran out, they enacted three drastic measures: a generous purchase subsidy of up to $32,000; exemption from tolls and ferries; and full tax exemption.

Tax incentives encouraged vehicle production and imports

One way for Norwegians to avoid petrol taxes and import duties on combustion-engine cars was to buy electric ones. In 2008, only 263 electric cars were sold in Norway, but by 2014 the number had soared to 50,000. This success came largely thanks to an incentive programme designed by a committee appointed by Norway’s Conservative party government in 2001.

Easy financing made EVs affordable even with higher sticker prices

Norwegians were allowed to purchase electric cars at favorable financing rates, which helped mitigate sticker prices. This helped create a well-oiled market that led to EVs becoming more affordable and more mainstream as time passed. Norway’s now leading the world in electric-car sales per capita thanks to this uniquely robust system.

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