Regardless of troublesome circumstances and the pandemic’s adverse influence on the the automotive business, electrical automobiles made an enormous leap ahead in lots of international locations in 2020. In keeping with estimates from business tracker EV-Volumes, plug-in electrical automobiles accounted for 4.2 % of worldwide gentle automobile gross sales final yr, up from 2.5 % in 2019. Whereas simply eight international locations reported an EV share of 5 % or larger in 2019, 13 international locations managed to push electrical automobiles previous 10 % of recent gentle automobile gross sales in 2020. Like in prior years, Norway was a constructive outlier with a 75-percent share of plug-in electrical automobiles, whereas Iceland, Sweden and Finland additionally featured within the high 5 – a testomony to the short adoption of electrical vehicles in Nordic international locations. China, which is by far the most important marketplace for electrical vehicles by way of unit gross sales, fell out of the highest 10 with electrical automobiles accounting for six.2 % of passenger automotive gross sales within the nation. In the meantime the US fell additional behind with an EV share of simply 2.3 %.

Whereas Norway’s coverage measures (e.g. tax exemptions, toll exemptions and different incentives) did show extremely efficient in selling electrical vehicles, the Norwegian mannequin can’t be simply transferred to different international locations. At first, the nation imposes hefty automobile import duties and automotive registration taxes, making vehicles considerably dearer than say in the US. By waiving these duties for electrical automobiles, Norway is successfully subsidizing EV purchases at a degree {that a} bigger nation such because the U.S. couldn’t afford. Secondly, Norway is a really rich nation (sarcastically due to its oil reserves) with a excessive degree of revenue. In keeping with Norway’s nationwide statistical institute, the nation’s median family revenue after taxes was round $54,000 in 2018, which is roughly degree with the US however greater than twice as excessive because the EU common.