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Norway zips ahead in EV race as car sales hit 96% electric
The Business Guardian
|January 04, 2026
Almost all new cars registered in Norway last year were fully electric, official data showed on Friday, headed by booming Tesla (TSLA.O) sales as the Nordic country cements its global lead in phasing out petrol and diesel-powered vehicles.
Oil-producing Norway's rapid switch to battery-powered vehicles contrasts with the rest of Europe, where weak demand for EVs prompted the European Union last month to reverse its planned 2035 ban on internal combustion engine cars.
Driven by tax incentives, 95.9% of all new cars registered in Norway in 2025 were EVs, with that number at almost 98% in December. The annual figure was up from 88.9% in 2024, Norwegian Road Federation (OFV) data showed.
A record 179,549 new cars were registered in Norway during the year, a 40% increase from 2024, the OFV said.
This story is from the January 04, 2026 edition of The Business Guardian.
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