Norway Leads Global EV Adoption
6 months ago
- #Market Trends
- #Electric Vehicles
- #Norway
- Global BEV sales surpassed 10 million in 2024, up 10% from 2023.
- China sold over 1 million electric cars in May 2025.
- Norway leads in BEV adoption with over 90% of new cars being electric in H1 2025.
- Denmark and the Netherlands have high BEV market shares at 63.6% and 35.0%, respectively.
- China's BEV share is 29.8%, while the U.S. lags at 7.3%.
- Norway's EV incentives include tax and toll exemptions, but its model is hard to replicate.
- Norway's wealth, partly from oil, supports high EV adoption with a median household income of $64,000.