Daily Management Review

Norway Notes Highest Rise In Sale Of Electric And Hybrid Cars Globally In 2017


01/04/2018




Norway Notes Highest Rise In Sale Of Electric And Hybrid Cars Globally In 2017
Generous government subsidies aimed at furthering the Norway’s lead in its policy from shifting to clean energy from fossil-fuel engines have been proving very fruitful there as I 2017, more than half of the new registrations there have been that of electric and hybrid cars.
 
The independent Norwegian Road Federation (OFV) said that compared to 2016, 52 per cent of all new car sales in 2017 in Norway was that of pure electric cars and hybrids. The percentage was 40 percent was in 2016. Hybrid vehicles are those that run on both battery power and has a diesel or petrol engine as well.
 
“No one else is close” in terms of a national share of electric cars, OFV chief Oeyvind Solberg Thorsen said. “For the first time we have a fossil-fuel market share below 50 percent.”
 
Incentives such as free or subsidized parking, re-charging and use of toll roads, ferries and tunnels. Are part of the perks that are given by the local government for new electric cars which are exempt from virtually all taxes. The combined effect can run into over thousands of dollars a year.
 
Additionally, air pollution and climate change are reduced in the country because almost all of the electricity in Norway is generated from hydropower.
 
Compared to countries like the Netherlands, Sweden, China, France and Britain, Norway was way ahead in terms of sale of electric cars, said the International Energy Agency (IEA) last year.
 
The sale of ne electric cars in Norway rose by 39 percent in 2017 form the growth rate of 29 percent in 2016. Compared to that the second largest growth rate was in the Netherlands with a rate of 6.4 percent, according to the IEA which excludes hybrid cars that have only a small electric motor and hence cannot be plugged in.
 
Volkswagen Golf, BMWi3, Toyota Rav4 and Tesla Model X topped the Norwegian car sales in 2017. While Tesla offers pure electric models, others offers electric as well as hybrid cars.
 
Buyers in many countries are discouraged due to long charging times, limited ranges between recharging and high prices of battery-driven cars. But as new models emerge, these disadvantages are reducing over time.  
 
“We view Norway as a role model for how electric mobility can be promoted through smart incentives,” a spokesman at BMW’s Munich HQ said. “The situation would probably be different if these incentives were dropped.”
 
He said that Britain, California and the Netherlands are among the other “good examples” where policies are driving up electric-car demand.
 
Electric cars are widely supported by the 5.3 million people in Norway. For example, negotiations on the budget for 2018 saw the dropping of what was dubbed as a “Tesla Tax” – a plan that was taken to reduce the incentives for the electric cars last year by the right-wing government.
 
(Source:www.reuters.com)






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