OSLO (Reuters) - Electric cars will likely make up 90% of Volkswagen AG's <VOWG_p.DE> sales in Norway next year and could completely replace diesel and petrol engines in the Nordic country by 2023, the German auto maker's local importer said on Wednesday.
With a 2025 goal of becoming the first country to end the sale of fossil-fueled cars, oil-producer Norway exempts battery-powered vehicles from taxes imposed on petrol and diesel engines.
The policy has turned the country's car market into a laboratory for global auto makers seeking a path to a future without internal combusion engines, vaulting new brands and models to the top of bestseller lists in recent years.
A record 61.5% of new cars sold in Norway last month were powered by fully electric engines, registration data showed, up from 42.4% for 2019 as a whole.
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