One of the most progressive countries in the world, Norway, has set its deadline to end the sale of petrol and diesel engines by 2025, much earlier than any deadline set by fellow EU nations.
In the meantime, the UK plans to ban petrol and diesel car sales from 2030, Germany from 2035, and France by 2040.
The Norwegian Road Federation unveiled that Battery Electric Vehicles (BEV or EV) made up 77.5 per cent of all new cars in September, rising from 61.5 per cent a year ago. Surprisingly, Internal Combustion Engine (ICE) vehicles – aka, petrol and diesel cars – only had a market share of 5.3 per cent in September, 2021.
This sudden drop could be attributed to the fact that Norway imposes high monetary disincentives on ICE vehicles whilst subsidising BEVs. In other words, purchase prices of electric and hybrid vehicles are lower than petrol or diesel cars.
Unlike California, New York, or Brussels, Norway won’t be banning ICE vehicles from their streets or subsequently, the second-hand car market. However, given the decrease in interest in conventional vehicles, it soon won’t be worth it for them to keep ICE vehicles in stock, so they’re aiming to delist them from offers entirely.
This means the ICE market may soon be reduced to the second-hand market in Norway. The trend is similar in the rest of Europe and Malta, but their EV market share is still far off. This year in Malta, out of 408,000 registered vehicles, only 3,946 were electric.