Norway: The world's first country to completely eliminate oil vehicles?

Wallstreetcn
2025.01.05 01:10
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Norway is expected to become the world's first country to completely eliminate gasoline and diesel vehicles from its new car market. According to government data, nearly 90% of new car sales in Norway will be electric vehicles in 2024. BYD's electric vehicle sales surpassed Tesla in the fourth quarter of 2024, and other Chinese electric vehicle manufacturers also achieved significant growth. Electric vehicle sales in India grew by 27% in 2024, approaching 2 million units

In the fourth quarter of 2024, BYD's electric vehicle sales surpassed any other company, once again outpacing its competitor Tesla.

Other Chinese electric vehicle manufacturers also achieved significant growth. Recent fluctuations in the electric vehicle market have not changed the overall development direction: according to government data, India's sales grew by 27% in 2024, slightly below 2 million vehicles; while in Norway, nearly 90% of all cars sold last year were electric vehicles.

An industry expert told Reuters, "Norway will become the first country in the world to completely eliminate gasoline and diesel engine cars from the new car market." (Image from Semafor)