Press release
Norway Electric Car Market 2020 Growth, COVID Impact, Trends Analysis Report 2026
Norway electric car market is projected to grow at a CAGR of more than 16.0% during the forecast period (2019-2025). The factors such as the highest ratio of sales of electric cars due to government support are driving the growth of the market. As per the government data in January 2021, in Europe, Norway was dominating the electric car market in 2020. According to the report of Opplysningsrådet for veitrafikken (OFV), the Norwegian Road Federation, in 2018, sales of electric cars were 31.2% and it rose to 42.4% in 2019, representing 9% growth in YoY in electric car sales. Besides this, 56% of Norway car sales were plug-in electric vehicle.(Get 15% Discount on Buying this Report)
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Furthermore, Norway parliament plan to have zero emission country by 2025. In January 2021, around 330,000 battery electric vehicles were registered, and it held 54% market share of the electric car sold in Norway. In 2017, the government of Norway implemented a 50% rule, in which government offers incentives to electric cars owners regarding access to bus lanes and free parking facility. According to this rule, municipalities cannot charge more than 50% of the price for fossil fuel cars on ferries, public parking and toll roads. Thus, the government support is growing the Norwegian electric car industry.
A Full Report of Norway Electric Car Market is Available at: https://www.omrglobal.com/industry-reports/norway-electric-car-market
Market Coverage
Market number available for – 2018-2025
Base year- 2018
Forecast period- 2019-2025
Segment Covered- By Vehicle Type, By Propulsion Technology, By Battery Type
Region Covered- Norway
Competitive Landscape- AB Volvo, Audi AG, BMW AG, Hyundai Motor Co., Hyundai Motor Co., Mitsubishi Motors Corp., Nissan Motor Co., Renault Group, Tesla, Inc., Volkswagen AG and others.
Norway Electric Car Market Report Segment
By Vehicle Type
Sedan
Hatchback
SUV
By Propulsion Technology
Battery Electric Vehicle
Plug-In Hybrid Electric Vehicle
By Battery Type
NiMH
LI-ion
Others
Company Profiles
AB Volvo
Audi AG
BMW AG
Hyundai Motor Co.
Hyundai Motor Co.
Mitsubishi Motors Corp.
Nissan Motor Co.
Reasons to Buying From us –
1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.
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Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
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