Sunday, October 11, 2020

Electric and hybrid car sales reached almost 90% of total September car sales in Norway

 ... and the country leads the world in the percentage of electric and hybrid cars on its roads (see the chart below). 

The monthly cost of owning a mid-sized electric car in Norway averaged over a four-year period ($883)  is substantially lower than for petrol ($1,002) and diesel ($1,075)  cars. The costs include fuel, depreciation, taxes, insurance, and maintenance.

While in 2019 the total world's electric car stock was around 7.5 million, or just 1.5-2% of the total world's car stock, continuously decreasing battery prices together with undeniable environmental benefits will inevitably lead to hybrid and electric car domination all around the world within the next couple of decades.