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Norway Electric Vehicle Market to 2025, Future Outlook, COVID-19 Impact Analysis, Forecast 2019-2025

03-15-2021 10:19 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

Norway Electric Vehicle Market to 2025, Future Outlook,

Norway electric vehicle market is projected to grow at CAGR of more than 18.0% during the forecast period (2019-2025). Adoption of electric vehicles due to strong incentives availability is propelling the growth of the market. In 2021, Norway EV Association announced that electric vehicle sold in Norway was over 100,000 in 2020. Norway has a higher market penetration of electric vehicles globally and the plug-in electric vehicles sold in 2020 was 74.7% of all passenger cars sold in country In 2018, plug-in electric cars on the roads were 10% which increased to 17.2% in 2020.

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A full report of Norway Electric Vehicle Market is available at: https://www.omrglobal.com/industry-reports/norway-electric-vehicle-market

In January 2021, the Norwegian Road Federation (OFV) has announced that Norway has sold around 54% electric cars in 2020 as compared to 42% in 2019. Norway's government is aiming to have a pollution-free country by 2025 and also to have fully electrified vehicles. The government aims to end up the sales of petrol and diesel vehicles. Norway has around 16,000 charging stations in the country, of which around 3,300 are fast chargers. Apart from this, the government is providing the benefit of a 90% discount or $229 in a year, on the road tax to the drivers of the electric vehicles. Therefore, the government benefit and increasing sales are driving the Norway electric vehicle industry.

To learn more about this report request a sample copy @ https://www.omrglobal.com/request-sample/norway-electric-vehicle-market

Market Coverage

• Market number available for – 2018-2025
• Base year- 2018
• Forecast period- 2019-2025
• Segment Covered- By Vehicle Type, By Battery Type, By Propulsion Technology
• Region Covered-Norway
• Competitive Landscape- Volkswagen, Tesla Inc., Audi AG, BMW AG, Volvo group, Nissan Motors, and others.

Key Questions Addressed by the Report

• What is the market growth rate?
• Which segment dominates the market in the base year?
• Which segment will project the fastest growth in the market?
• How COVID-19 impacted the market?
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Norway Electric Vehicle Market Report Segment

By Vehicle Type

• Commercial Vehicle
• Passenger Cars
• Two-Wheelers

By Propulsion Technology

• Battery Electric Vehicles
• Plug-in Hybrid Electric Vehicles

By Battery Type

• NiMH
• Li-ion
• Others

For more customized data, request for report customization @ https://www.omrglobal.com/report-customization/norway-electric-vehicle-market

Company Profiles

• AB Volvo
• Audi AG
• BMW AG
• Daimler AG
• Ford Motor Co.
• Hyundai Motor Co.
• Nissan Motor Co.
• Tata Motors Ltd. (Jaguar)
• Tesla, Inc.
• Volkswagen AG

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.

Media Contact:

Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research

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.

For More Information, Visit https://www.omrglobal.com

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