Autos

Electric Cars Dominate Norwegian Market With Toyota bZ4X Leading – GuruFocus.com


In October, Norway registered 10,862 pure electric vehicles, representing more than 90% of new car registrations. According to the Norwegian Public Roads Administration (OFV), the penetration rate for pure electric vehicles was 94%, a slight decrease from September’s 96.4% but consistent with August’s levels, reinforcing the dominance of electric vehicles in the Norwegian market. For the year, nearly 89% of the country’s new cars have been electric.

Although October’s electric vehicle registrations were down 13% from September’s 12,495, they marked a 45% increase compared to October 2023, when 7,516 were registered. Overall, Norway registered 11,552 new passenger cars in October, a 29% increase year-over-year.

Other vehicle registrations in October included 178 plug-in hybrid cars, which held a 1.5% market share, 192 hybrid vehicles at 1.7%, 63 gasoline cars at 0.5%, and 257 diesel vehicles at 2.2%. No hydrogen fuel cell vehicles were registered in October, although nine have been registered in 2024 so far.

The top 20 bestselling models in Norway for October were all electric. The highest-ranked internal combustion engine vehicle, a small gasoline hybrid, came in at 23rd place. Topping the list was the Toyota bZ4X with 761 registrations, followed closely by the Skoda Enyaq with 757, both capturing a 6.6% market share. Tesla’s Model 3 (696 units) and Model Y (645 units) closely followed.

Other notable models in the top ten included the Volkswagen ID.4 and Nissan Ariya, each with 642 units sold. The list also featured the Ford Explorer, Volkswagen ID.7, Volvo EX30, and Volkswagen ID.3.



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