Norway Ditches The 'Fossil Car'
Bloomberg Businessweek|June 5 - June 11, 2017

 Cheap power and big subsidies have fueled an electric boom

 “The majority of the market is about to shift to EVs”

Matthew Campbell, with Sveinung Sleire
Norway Ditches The 'Fossil Car'

Since the 14th century, Akershus Fortress has protected Oslo from raids by bloodthirsty Swedes. Now a Cold War bomb shelter in its basement is being repurposed to help save the Norwegian capital from more insidious foes: pollution and global warming. Starting this month, electric car owners will be able to drive down a narrow ramp between rough-hewn rock walls dripping with condensation and plug in at one of 86 charging stations—for free.

The facility will get plenty of use as Norwegians switch to electric vehicles faster than anyone else on the planet. More than a third of all new cars are either fully electric or plug-in hybrids, well over 10 times the proportion in the U.S. With about 100,000 electrics on the road, Norway (population 5 million) trails only the U.S., China, and Japan in absolute numbers. By 2025, the government has suggested, there may be no gasoline- or diesel-powered cars sold in the country. “It’s safe to say that Norway is the first mass market for EVs,” says Sture Portvik, the city official overseeing the Akershus garage.

Norway’s electric vehicle boom has been built on generous government incentives. EVs are exempt from car purchase taxes and the 25 percent sales tax levied on just about everything else, and they get a break on annual fees. Drivers plug in for free at municipal power points, generally don’t pay tolls, and can use bus lanes to avoid traffic. On ferries across Norway’s deep fjords, electrics travel at no cost. It’s no surprise, then, that Norwegians call gasoline-powered vehicles fossilbiler— fossil cars.

This story is from the June 5 - June 11, 2017 edition of Bloomberg Businessweek.

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This story is from the June 5 - June 11, 2017 edition of Bloomberg Businessweek.

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