Key Market Indicators
Norwegian vehicle registration is projected to hit 2.33 million units by 2028, up from approximately 1.86 million units in 2023. This marks an average annual growth rate of 3.6%. Since 2010, the Norwegian market has seen a substantial increase of 57.3% year on year. In the global rankings for 2023, Norway held the 23rd position, with Russia surpassing it by registering around 1.86 million units. Canada, China, and Austria secured the second, third, and fourth positions, respectively, in this ranking.
