Carrots not sticks created Norway’s electric vehicle paradise
Norway has a high penetration of electric vehicles achieved by tax breaks and investment instead of restrictions
With many countries like the UK and France banning the sales of vehicles with internal combustion engines to encourage the uptake of electric vehicles, Norway’s solely incentive-based approach levelled the playing field with impressive results
HIGH COSTS
Norway’s aggressive pursuit of EVs without banning ICE vehicles has paid off, but at a cost
LESSONS LEARNED
Given Norway’s incredible wealth, the success will be difficult to replicate in other markets
KEY QUOTE Norway has succeeded in becoming an EV paradise ...
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