Norway, a trendsetter in EV market, is upping the game with zero-emission goals. Aluminium reaping benefits!

Norway has established itself as the world's leading consumer of electric vehicles, driven by continuous strategic planning, government policies, and incentives designed to promote EV adoption as part of the country's carbon reduction goals. Among all the electric vehicle variants, Norway particularly boasts the highest market share of battery electric vehicles (BEVs) worldwide, thanks to tax exemptions for making BEVs financially attractive over traditional combustion engine vehicles.

A few years later, after BEV consumption exceeded expectations, the government removed some incentives and even reduced tax benefits. But fortunately, nothing dampened the enthusiasm for electric vehicle purchases. That's because, beyond economic incentives, the net-zero carbon emissions goal from the vehicle market played a vital role in boosting EV consumption in Norway.  From 2020 to H1 2024, battery electric vehicle (BEV) registrations in Norway surged from 53.49 per cent to 84.16 per cent, followed by hybrid electric vehicle (HEV) registrations reaching 8.09 per cent from 6.69 per cent, while plug-in hybrid electric vehicle registrations decreased to 3.41 per cent from 17.73 per cent. By 2025, Norway aims to achieve 100 per cent net-zero emissions from vehicles by completely switching to electric vehicles and banning all new ICE cars.

In November alone, 10,940 EVs were newly registered in Norway, bringing it to 93.6 per cent of all new car registrations. Although the figure showed a marginal difference compared to 10,862 EVs registered in October, it scaled up 30 per cent annually from 8,442 units.