• 2 months ago
No other country comes close to Norway’s level of market penetration. Unlike the U.S. and EU, the Scandinavian country does not impose tariffs on Chinese cars – and they represent almost a quarter of the EV market. CGTN’s Johannes Pleschberger reports from Oslo

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00:00Norway is in the homestretch to becoming fully electric.
00:06No other country gets even remotely close to the Scandinavian Kingdom's latest EV market
00:12share of 94%, a new world record.
00:16The policy is not just about promoting EVs, but it's also about punishing petrol and diesel
00:23engine cars.
00:24They're pretty much taxed so much that they're getting less and less interesting to buy.
00:30In July, Norway's government introduced a measure which makes the leasing of combustion
00:35cars financially unattractive.
00:39Most expected Norway to miss its target of reaching 100% electric vehicle sales by the
00:45end of the year.
00:47But thanks to new financial incentives, the Scandinavian Kingdom made a big leap this
00:51summer and dealerships are about to get rid of their last combustion cars.
00:56Meanwhile, electric cars from China are becoming more and more popular in Norway, increasing
01:02their market share to 23%, according to the sales database OFV.
01:08BYD was able to triple its sales in Norway, while NIO rose by almost 50%.
01:15Norway with the subsidies and incentives from the government, it's a perfect first step
01:20for Chinese brands to sell in Norway, and we see that has been a success.
01:26In contrast with the European Union and the United States, Norway is not imposing tariffs
01:31on electric cars imported from China.
01:34Norway has no particular policy for Chinese cars than any other country's electrical vehicles,
01:43so we have the same policy for China as for other countries.
01:49So Norway doesn't have any tariffs on Chinese EVs, and I think competition is good, and
01:55it's important that we have a big player like China that is going forward and pushing the
02:01rest of the world to follow.
02:04Pushing the rest of the world to follow is something both China and Norway have in common,
02:09at least when it comes to electric vehicles.
02:11Janne Splashberger, CGTN, Oslo.

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