Stock Groups

Electric cars take two-thirds of Norway car market, led by Tesla -Breaking

by Mike Robinson

[ad_1]

© Reuters. FILEPHOTO: Tesla electric vehicles are seen in the dealership in Oslo, Norway on March 28, 2019. REUTERS/Lefteris Karagiannopoulos

OSLO (Reuters) – Last year, almost all three of the new Norwegian automobiles were powered by batteries. This made Texas-based Tesla Inc (NASDAQ:) Inc. the number one selling brand.

Norway, an oil producer, exempts rivals with internal combusion engines (ICE) (NYSE :)).) in order to make Norway the first country to stop selling petrol and diesel vehicles by 2025.

Tesla took 11.5% of all the car market. It was the #1 brand in the world for the first year, ahead Germany’s Volkswagen with 9.4%.

According to Wall Street, Sunday’s record quarter-end deliveries by the U.S. automaker surpassed Wall Street estimates. This was due in large part to global chip shortages that it exacerbated with increased China production.

The Tesla Model 3 was ahead of Toyota’s hybrid Rav4, which is the only car in the top 10 with an internal combustion engine. Volkswagen’s electric ID.4 came third.

Disclaimer: Fusion MediaWe remind you that this site does not contain accurate or real-time data. CFDs include stocks, indexes and futures. Prices are provided not by the exchanges. Market makers provide them. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media does not accept any liability for trade losses that you may incur due to the use of these data.

Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from reliance on this information, including charts, buy/sell signals, and data. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.

[ad_2]