Norway Shows How EV-Dominated Future Will Be

In 2022, Norway was at the forefront of the transition to battery-powered mobility owing to its 80% EV sales. Furthermore, Norway has become a research hub for analyzing how the electric car revolution can change the world. In 2025, the nation will stop selling ICE cars.

The experience of Norway demonstrates that EVs have advantages without having the negative effects that some detractors have projected. However, during moments of heavy demand, there are issues with faulty chargers and lengthy waits, and retailers and car dealerships have had to adjust. The switch has rearranged the auto industry, elevating Tesla to the top spot while pushing major brands, such as Fiat and Renault, to the sidelines.

Furthermore, the clean air in Oslo, the capital of Norway, is visible. As noise from petrol and diesel cars is eliminated, the city is likewise quieter. Oslo’s carbon dioxide emissions have decreased by 30% since 2009, but neither the power grid nor the gas station workforce has experienced any significant effects. The power grid is still operational.

Norway started to promote electric automobiles during the 1990s. In order to boost their uptake, BEVs were exempt from import and value-added taxes as well as from tollway taxes. In addition, the provision of subsidies by the government for the construction of rapid charging stations put Norway more than 10 years ahead of the United States. While the Biden administration has set a target for electric vehicle sales to make up 50% of all new vehicles sold by 2030, Norway already achieved that in 2019.

As more people buy electric vehicles, nitrogen oxide levels, byproducts of the combustion of petrol and diesel that result in asthma attacks and other illnesses, have significantly decreased.

However, the point where the rubber hits the road still presents a difficulty. The rubbing of asphalt and tires is a contributing factor to the harmful levels of tiny particles in the air in Oslo. The issue might be made even worse by electric cars, which make up roughly one-third of Oslo’s registered cars yet contribute to a larger amount of traffic, and they tend to be heavier than ICE comparable ICE vehicles.

Another issue that keeps coming up, according to those who live in apartments, is where to charge their cars. According to Sirin Hellvin Stav, the city intends to increase the number of public charging stations while also reducing the total number of vehicles by one-third in order to create safer roadways and provide more room for bicycling and walking.

The city of Oslo has a larger plan to cut its greenhouse gas emissions to nearly none by 2030. By year’s end, all buses in the city will be powered by electricity.

As EVs gain prominence and their uptake increases around the world, a time is coming when brands such as Cenntro Electric Group Ltd. (NASDAQ: CENN) and Tesla will be as commonplace as Toyota, GM and other legacy automakers were in their heydays.

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