Stock Groups

Tesla pushes Norway’s EV sales to new record By Reuters

[ad_1]


OSLO (Reuters) -Norwegian sales of electric vehicles reached a new record last month thanks to demand for Tesla Inc (NASDAQ) Inc’s midsize models in influential Nordic markets, according to data released on Friday.

Last month’s sales of new vehicles included 77.5% battery electric vehicles, according to the Norwegian Road Federation (OFV). This figure is up from 61.5% last year as Norway aims to eliminate petrol and diesel engine sales by 2025.

The Tesla Model Y compact utility vehicle was Norway’s top-selling vehicle with 19.8%. It was followed closely by Model 3 sedan, which had 12.3%. The Enyaq Skoda was at 4.4%.

The Model Y, which was first unveiled March 2019 by Tesla of California in the United States, was made only recently available for European customers. Thousands of Norwegians were among those who received the vehicle.

Norway, an oil producer, has made a significant contribution to ending combustion engine use by exempting all electric vehicles from tax.

The overall Norwegian market for electric vehicles grew to 54% in 2020. This is more than the combined volumes of diesel, petrol and hybrid engines.

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 is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damages arising from the use of this information. This includes data including charts and buy/sell signal signals. 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]