Why Norway is leading on the purchase of electric cars
- Norway has decided to lead the way in terms of electric vehicles by adopting early favorable action for these engines, and this policy is showing success. Electric models are indeed accounted for 3% of the car market in 2012, against less than 1% in France and less than 0.5% in the United States.
- However, the strategy adopted by the Norway pioneer has a price and only works because of the high taxes imposed on vehicles with internal combustion engines and aid to electric models. These measures can cut the price of the Nissan Leaf to 28 650 euros to compete with a vehicle such as the Volkswagen Golf with a 1.3 liter engine (28 325 euros). It is the only country where both models have such a small price gap between them.
- Norway can afford to implement this policy in favor of electric vehicles as it is among the countries that have escaped the global economic crisis thanks to revenues from its oil and gas reserves. Drivers of electric vehicles traveling in Norway can save up to 1,080 euros per year on tolls and enjoy free parking up to 3,870 euros per year, not to mention the opportunity to ride in bus lanes, instead of sitting in traffic.
- These government incentives is scheduled until 2017 and will be rediscussed.
Data source: File #55 - Registrations in the World by makes
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