Electric vehicles are seen as the next disruption across the automotive industry. Countries like Norway, China and US have taken a significant leap towards promoting EVs. Norway, in fact, has emerged as a leader in the adoption of zero-emission vehicles as vehicle owners prefer EVs over ICE vehicles. The popularity of EVs is steadily increasing in the Scandinavian nation – just sample this – according to a CNN report, Norway saw electric vehicles outsold gas and diesel models for the first time ever last month (March 2019), accounting for 58.4 % of all vehicle sales.
The CNN report stated that for the month of March 2019, among 18,375 new cars registered in Norway, 10,732 of those were zero-emission vehicles, according to Norway's Road Traffic Information Council, or OFV, that is more than double the number of zero-emission vehicles sold in March 2018.
Among the sales of EVs, Telsa's Model 3 (TSLA) led the charge. As many as 5,315 Model 3 sedans were registered in March, setting a record for sales of a single car model in a single month. Further, 3,469 hybrid passenger cars were sold last month reflecting a 10 % drop from March 2018.
The latest sales figures are in line with the Norwegian government’s ambitious goal of ending selling of new gas and diesel passenger cars and vans by 2025. The country has implemented a number of incentives to encourage people to buy electric cars.
According to the CNN report, people opting for zero emission cars stand to gain on many fronts. Such zero emission cars don't pay the 25% value added tax (VAT) and are exempt from Norway's carbon dioxide, nitrogen oxide and weight taxes imposed on gas and diesel vehicles. These vehicles also enjoy discounts on parking, toll roads and ferries. The Norwegian Electric Vehicle Association (NEVA) projects that electric vehicles will represent around 50 % of the country's car sales in 2019, the CNN report noted. Clearly, Norway has shown the world how to go about adopting zero emission vehicles.