Reflexion on Previous Years
I know, I know. Every time we hear about electric vehicle lately Norway is being mentioned. However, making an annual trip to Norway for the past three years really opened my eyes on how quickly a market can increase with the right motivation and incentives.
European EV Market
In the last three years the amount of EVs on the road is not only noticeable on paper but drastically obvious on the road. All manufacturers are rushing electric models to Norwegian dealership lots as the demand keeps increasing faster than the annual production rate. During my trip to Amsterdam, I spoke with Morten Eibak, Sales Manager at Hyundai Norway. He shared that over 90% of all Hyundai vehicles now sold in Norway are electric or plug-in hybrid (PHEV). They are at a point where they have to incentivize dealerships to sell petrol powered vehicles as they aren't being sold. It's not just Norway though, the Netherlands is experiencing a phenomenal growth in its EV market as well. At Fastned, the annual user increased from 535 to over 17 900 in only four years.Read More