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Nearly 25 percent of all cars sold in Norway were electric

Staff writer |
With generous incentives that include zero sales tax, free parking and charging and the right to drive in bus lanes, Norway has managed to reach the target of having 50,000 electric cars on the roads two years early.

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Only in March, nearly 25 percent of all cars sold in Norway were electric. In addition, hybrid cars have nearly 10 percent of the market, Dinside reports.

The number of new electric cars led the Norwegian car market to hit a record low CO₂ emission, with only 93 g/km averaged by new vehicles registered. In comparison, the average CO₂ emission by new cars in Europe in 2014 was 127 g/km.

For Norway, a country with a population of a little over five million, reaching a total of 50,000 electric cars on its roads is a significant achievement. But all the incentives to make people buy electric cars have also cost the Norwegian government a significant amount of money.

According to Norway’s Minister of Finance Siv Jensen, the country is losing NOK 3-4 billion (€355 million-€474 million) in lost tax revenue per year, NRK reported.

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