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Tesla leads Norway’s EV race as it aims to finish ICE cars in two years


Four out of five new cars sold in Norway by 2022 are battery-powered, led by Tesla, but some in the industry say the new taxes could hinder its goal of being the first to do so. end the sale of petrol and diesel cars by 2025.

Via:
Reuters

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Update on:
January 3, 2023, 09:06 AM

Led by Tesla, the market share of battery electric vehicles sold in Norway has grown to 79.3% of all new cars by 2022. (REUTERS)
Led by Tesla, the market share of battery electric vehicles sold in Norway has grown to 79.3% of all new cars by 2022. (REUTERS)

Tesla Inc. Elon Musk’s electric-only unit has sold more cars in Norway than any other brand for the second year in a row, taking 12.2% of the overall market share ahead of Volkswagen with 11.6%, posted data shows. sign shows.

While China is by far the largest auto market overall, Norway, with its 5.5 million inhabitants, has achieved the highest percentage of cars in the world. tram with the help of generous subsidies, making it a proving ground for automakers to launch models.

The Norwegian Road Federation (OFV) says the share of battery electric vehicles (BEVs) sold has increased to 79.3% of total new cars in 2022 from 65% in 2021, up from 2 .9% a decade ago.

The Tesla Model Y was the most popular model of the year, surpassing Volkswagen’s electric ID.4 in second place and the Skoda Enyaq in third.

Seeking to end the sale of petrol and diesel cars, the oil-producing country of Norway has so far exempted battery electric vehicle taxes from competitors using internal combustion engines.

However, while tax exemptions help cut emissions, they cost the state 39.4 billion crowns ($4.0 billion) in revenue by 2022, and the centre-left coalition government is seeking to limit it. benefits for premium vehicles.

Those who bought an electric Porsche Turbo S last year will have to pay at least 1.7 million Norwegian crowns, but if it were taxed the same way as the petrol equivalent, the price would go up to over £2. ,1 million.

The Norwegian Automobile Federation (NAF), an interest group that represents car owners, said a new car tax based on weight could also negatively impact BEV sales because of the powertrain. electricity is heavier than fossil fuel-powered equivalents.

“We are concerned that sales will fall because the government has proposed a new weight-based tax,” said Thor Egil Braadland, a spokesman for the NAF.

The government has also failed to adequately address one of the main real-world problems facing electric car owners, he said, regarding charging stations and how to pay for their use.

“You need 10-15 apps to be a well-prepared electric vehicle owner in Norway, and we know that many people are putting off buying an electric vehicle because of that,” Braadland said.

NAF is promoting an ‘electronic roaming’ solution that allows users to pay at all charging stations without multiple apps.

The government defends its policy on electric vehicles.

“Trams have become the new normal for Norwegians, and that means we have to look at how we are using society’s funds,” said Labor secretary Johan Vasara. state of the Norwegian Ministry of Transport, said.

“We are very confident that electric cars will survive here,” said Vasara, adding that the government needs to focus its measures on other transport segments, including first-class cargo vehicles. heavy.

First published date: January 3, 2023, 09:04 AM IST

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