It’s common knowledge that Norway is the land of electric cars and that the country keeps breaking EV sales records with virtually no new fossil vehicle sales. But what’s really important is the effect those EVs are having on oil sales, which are in steep decline in the country as a result – and the same thing could happen elsewhere.
Norwegian statistics agency SSB released its latest numbers on motor fuel sales today, showing a whopping 9% decline in motor fuel sales year-over-year for the month of September.
This is a result of Norway’s world-leading EV sales, with over 90% of new vehicles in the country having some sort of plug and vanishingly few having no electrification at all. The country has exceeded its own high expectations, virtually ending fossil vehicle sales years ahead of schedule.
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