Norway electric car market is projected to grow at a CAGR of more than 16.0% during the forecast period, 2019-2025. The country has the highest ratio of the electric vehicle to its vehicle fleet globally in 2019 and was the second-largest electric car market in Europe in 2019. A growth of 9% YoY in electric car sales was registered in the country in 2019. More than 79,600 electric cars were sold in the country in 2019 as compared to around 72,690 in 2018. Government support is the major factor for the growth of the electric car market in the country. In 2016, the Government of the country has set the target to sell 100% passenger light-duty electric vehicle and light commercial electric vehicle by 2025. Due to this, the government offer several benefits to the electric car owners such as no road tax, exemption from 25% VAT on sales and purchase of EVs, free parking in public places, reduced road and ferry tolls, access to use the bus and collective traffic lanes, and free battery charging at publicly funded charging stations.
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Industry forecasting is performed to present in-depth understanding of industry tactics. A clear picture on current and upcoming market happenings are provided in this report. Critical factors are highlighted in this Norway Electric Car Market study report for enabling business owners take important decision making in terms of decide on the right business doing ideas. Moreover, it aims at offering forthcoming improvements, market restraints and market drivers for the forecast period 2022-2028. It assists novel firms to retain their place in the market. Prioritized market info is discussed through this detailed Norway Electric Car Market
This Market report predicts novel product introduction will bring drop in sales or growth in sales. Such an illustrative Norway Electric Car Market report enables major firm to stay reorganized on the most current trends and offers best idea about overall demand for particular product offering. Through this global report, it is also possible to acquire a competitive edge. All the COVID-19 related information is covered in this Norway Electric Car Market study report along with its major impact of globe’s major firms. It makes easy the work of key players and enables to take data-driven and beneficial decision in terms of making best investments, which techniques to apply and marketing budget of different products. It has many advantages to provide for available or novel services, product and brands. Methodologies captured in this market study report enable central participants to attain the best results to the specific business aims as well as challenges. Getting fast customer feedback is easy with this market study report.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Norway Electric Car Market Report Segment
By Vehicle Type
- Sedan
- Hatchback
- SUV
By Propulsion Technology
- Battery Electric Vehicle
- Plug-In Hybrid Electric Vehicle
By Battery Type
- NiMH
- LI-ion
- Others
The Report Covers
- Comprehensive research methodology of Norway Electric Car Market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting Norway Electric Car Market.
- Insights about market determinants that are stimulating Norway Electric Car Market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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