January marked a milestone in Norway’s automotive industry, with plugin EVs capturing an unprecedented 93.9% market share. In contrast, non-BEV powertrains faced higher taxes starting January 1st, resulting in decreased sales following a December surge. The overall auto volume was low, with only 5,122 units sold, well below seasonal norms. Notably, the Tesla Model Y was the best seller in January.
January saw an impressive 93.9% share of combined EVs in Norway, with BEVs accounting for 92.1% and PHEVs only 1.8%. These figures represent a significant increase from the previous year, largely due to the impact of new tax changes, the details of which can be found in last month’s report.
Despite this, the auto market is expected to take time to stabilize following the recent incentive changes, with PHEVs likely to represent around 3% to 6% of the market in the future. Additionally, achieving full BEV adoption will require the availability of affordable and competent BEV models to compete with ICE models in the European market.
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