Norway Leads The World's Electric Vehicle Market

Having registered its 50,000th electric car in April of this year, Norway is leading the global market for electric vehicles. During the first quarter of 2015, over 8,000 plug-in electric and plug-in hybrid electric vehicles were sold in Norway, representing a third of all vehicle registrations.

In a way, Norway has actually become a victim of its own success with generous subsidies (exemptions from tolls and parking fees in some cases) leading to a tax shortfall of 2 billion crowns ($267.79 million). Even though Norway is now reviewing benefits for electric car buyers, its government has still stressed the majority of subsidies and tax breaks will remain in place.