<\/span><\/h2>\nNorway is one of the countries that set one of the world\u2019s most ambitious targets to reduce its carbon footprint, the main culprit of climate change. Recent reports suggested the sale of EVs in the Norwegian car market overtook that of internal combustion engine vehicles including HEVs (Hybrid electric vehicles) in 2020.<\/span><\/p>\nDespite being an oil producing country, Norway introduced a plan to phase out fossil fuel vehicles by 2025. Under the plan, the country has encouraged people to buy EVs by providing subsidy and tax incentives. In 2019, the EV market share in the country was 42.4%.<\/span><\/p>\nA year later, the EV market share in Norway has set a new record. According to Reuters and MarketWatch, on January 5, OFV, the Norwegian Road Federation, said that 76,789 units, i.e. 54.3% out of 141,412 new cars sold in 2020 in the country were EVs. This means<\/span>\u00a0Norway became the world\u2019s first country where EVs recorded more than 50% share in the new car market. More over, with HEV sale combined, the sale of EVs made up 83% of the total new car sale last year.<\/span><\/p>\nDespite dismal sales performance of the auto industry due to COVID-19 pandemic, EVs are recording remarkable growth. O<\/span>n January 8, Inside EVs, the electric vehicle news agency, reported the global EV industry sold 2,544,000 units including PHEVs (Plug-in hybrid electric vehicles) from January to November in 2020, which is about a 30% increase from 1,941,147 units compared to the same period in 2019.<\/span><\/p>\n
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