Chinese Firms Make Further Inroads into Norway’s EV Market
Locked out of the North American vehicle market, Chinese electric vehicle firms are increasingly focusing their efforts on Norway, currently one of the largest and fastest-expanding EV markets in Europe. EVs represented 98.8% of new vehicle registrations across the Nordic nation in October, reaching 15,536 new units by the end of the month. Chinese brands made up 20% of the Norwegian electric vehicle market in October, with Tesla and Toyota together accounting for nearly 20% of the overall market. The Norwegian Road Information Authority (OFV) notes that new vehicle registrations last month surpassed every October for the past three decades…