EVs success in Norway and what other nations can learn from it

20 September 2022 17:00-18:00


Introduction
This talk will look at some of the factors which have led to the remarkable rise in the EV market in Norway and the lessons for the rest of the world. 
Advancements in electric vehicles (EVs), batteries performance, and the driverless vehicles (DVs) are transforming the industry at a pace that is unprecedented in the history of the mobility. The EVs not only will help to reduce the carbon footprint to reach the carbon neutral goal of 2050 but will also create new industries and give dividends for improved air quality.
As more auto makers roll out EVs and government subsidies help mass adoption, more and more vehicles, passengers and commercial, will continue to replace the internal combustion engine vehicles. The continued technological advancements in battery life and cost, a longer range and an expansion of the recharging stations will further accelerate EV adoption.
In 2020, EVs accounted for 4.6 % of the total global vehicle fleet rising to 30% by 2030 and Europe is leading the race for electrification. In Europe, Norway is leading the EV adoption rate and is the world leader in the sales of the passenger EVs. In 2021, 65% of the new cars sold in Norway were EVs. That is 16% of the total passenger car fleet.
What has caused this dramatic market shift? Is it a combination of government, incentives on new cars and new charging infrastructure, a push by car manufacturers with new technologies and lower prices or is it all in response to a consumer demand for more environmentally friendly transport? What are the lessons for the rest of the world’s markets?
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