Oil Rich + EV Friendly

What is happening? Norway is being touted as the leader in EV policies. Let’s note that Norway is also oil rich with its North Sea oil. In 2021, 8% of the cars sold in Norway ran only on oil. In 2015 20% of the cars sold in Norway were EV.

Why is this important? Incentives in Norway include generous tax incentives and free tolls and parking. Some say a key in Norway was there was no range anxiety.

How will this be important? The two can coexist- pro EV and Pro oil.

NY Times | Is Norway the Future of Cars?