Tesla extends lead in Norway as EVs take record 82% market share

[January 02, 2024] OSLO (Reuters) - Tesla topped Norway's car sales statistic for a third consecutive year in 2023, extending its lead over rivals despite an ongoing conflict between the U.S. electric vehicle maker and the Nordic region's powerful labor unions.  

A Tesla logo is seen at a groundbreaking ceremony of Tesla Shanghai Gigafactory in Shanghai, China January 7, 2019. REUTERS/Aly Song/File Photo

Almost five out of six new cars sold in Norway last year were powered by battery only, with Tesla's share of the overall market rising to 20.0% from 12.2% in 2022, registration data showed on Tuesday.

Overall, the market share of new electric vehicles in Norway rose to 82.4% in 2023 from 79.3% in 2022, the Norwegian Road Federation (OFV) said.

Seeking to become the first nation to end the sale of petrol and diesel cars by 2025, oil-producing Norway exempts fully electric vehicles from many taxes imposed on internal combustion engine rivals, although some levies were introduced in 2023.

(Reporting by Victoria Klesty, editing by Terje Solsvik)

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