Giving us a glimpse into the future, Norway’s internal combustion engine (ICE) vehicle sales are plummeting, being rapidly replaced by electric vehicle (EV) sales. The country saw more than half of all vehicles sales in 2020 become electric, with further increases expected in 2021.
So what?
While electric vehicle sales are increasing rapidly around the globe, in many markets so too are ICE vehicles. Norway, a country that has consistently been roughly 5 years ahead of the global automobile market trends, is showing that not only will EV sales continue to increase, but that they are set to replace the vast majority of ICE vehicle sales very soon.
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