"Tesla accounted for more than a fifth of new car sales in Norway in August, with electric cars as a whole accounting for 97% of new passenger vehicle registrations. Tesla models were close to 22% of new car sales in August, with Volkswagen making up about 13%, according to the Norwegian Road Federation. Chinese manufacturer BYD more than tripled the number of cars it registered in the country last month, while Toyota and Volvo monthly sales were well below where they were a year earlier."
"Norway became the first country to see EV brands overtake fossil-fuel models in new car registrations in 2020, a surge that was underpinned by incentives ranging from reduced tolls to no or lower value-added taxes. With such a high penetration of electric cars, producers have flocked to the market with about 170 electric-powered models to choose from. It will be interesting to see how this develops in relation to the classic brands that Norwegians have traditionally chosen, the OFV's Solberg Thorsen said Monday."
Electric cars accounted for 97% of new passenger vehicle registrations in Norway in August. Tesla captured nearly 22% of new car sales, while Volkswagen held about 13%. Chinese manufacturer BYD more than tripled its registrations month‑over‑month. Toyota and Volvo reported monthly sales well below their year‑earlier levels. Norway saw EV brands overtake fossil‑fuel models in new registrations in 2020, driven by incentives such as reduced tolls and lower or eliminated value‑added taxes. Approximately 170 electric models are now available in the market. Tesla's Model Y was the top‑selling model in August, followed by Volkswagen's ID.4.
Read at www.mercurynews.com
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