Electric Cars Make Up Half of Norway’s Car Sales

January 4, 2018 Taxation in Norway

tesla tax norwayOSLO – Teslas and other electric cars are enjoying unprecedented levels of sales in Norway due to the country’s tax break.

New data published by the government of Norway shows that more than half of all car sales in the country in 2017 were electric and hybrid cars.

The level of sales of the environmentally friendly cars was attributed to the tax breaks offered on the sale of electric and hybrid vehicles, and the raft of subsidies offered to owners of such vehicles.

Approximately 52 percent of all new cars sold were hybrid and electric cars, marking the first time that electric vehicles held a higher portion of the market than conventional petrol vehicles.

Norway is often regarded as a good example of pushing for more electric cars to be bought, with sales and take up far exceeding the rates seen in other major economies.

The tax breaks offered on electric cars in Norway are significant enough to close the gap in price between conventional vehicles and their electric counterparts.

The most popular electric and hybrid vehicles in Norway are the Volkswagen Golf, BMWi3, Toyota Rav4 and, Tesla Model X.

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