UPDATE 1-In Norway, nearly all new cars sold in 2024 were fully electric

Tesla Motors, Inc.
Ford Motor Company
Dow Jones Industrial Average
S&P 500 index
NASDAQ

Tesla Motors, Inc.

TSLA

0.00

Ford Motor Company

F

0.00

Dow Jones Industrial Average

DJI

0.00

S&P 500 index

SPX

0.00

NASDAQ

IXIC

0.00

Adds electric car sales numbers, quote in paragraphs 2-3

OSLO, Jan 2 (Reuters) - Nine out of ten new cars sold in Norway last year were powered by battery only, registration data showed on Thursday, placing the country within reach of its target of only adding cars that are electric on the road by 2025.

Fully electric vehicles accounted for 88.9% of new cars sold in 2024, up from 82.4% in 2023, data from the Norwegian Road Federation (OFV) showed. Top-selling brands were Tesla TSLA.O, followed by Volkswagen VOWG_p.DE and Toyota 7203.T.

"Norway will be the first country in the world to pretty much erase petrol and diesel engine cars from the new car market," said Christina Bu, head of the Norwegian EV association.


EVs could overtake petrol cars in Norway by end-2024 https://www.reuters.com/business/autos-transportation/evs-could-overtake-petrol-cars-norway-by-end-2024-2024-04-02/

Chinese electric vehicles gain market share in Norway nL8N3NV0HN

(Reporting by Nerijus Adomaitis in Oslo, editing by Gwladys Fouche)

((nerijus.adomaitis@thomsonreuters.com; +47 9027 6699; Reuters Messaging: nerijus.adomaitis.thomsonreuters@reuters.net))

This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.