According to fresh data from the Norwegian Road Federation, of the 2.8 million private automobiles registered there, 754,303 are now all-electric, while 753,905 are fuel-powered.
By 2025, the 5.5 million-person Nordic nation hopes to make history by being the first to ban new gasoline and diesel vehicle sales.
Tax reductions and other incentives, primarily supported by Norway’s oil and gas revenues, have increased the sales of electric cars (EVs).
Is Norway known as the home of electric vehicles?
The nation has amassed a sovereign wealth fund that is valued at about $1.7 trillion (£1.3tn).
The government is now able to provide green incentives to drivers, like sales tax exemptions for electric car purchases, thanks to his financial cushion.
Early on in the EV revolution, environmental activists in Norway even got the support of A-ha, the biggest pop group in the nation, to encourage the adoption of the vehicles.
There is still work to be done in spite of this accomplishment. Just under a million diesel versions are still available, but sales of these vehicles are declining quickly, according to the Norwegian Road Federation.
According to industry statistics, nine out of ten new automobiles sold in Norway are electric. And it makes sense, given how much the government works to their advantage.
