Key Market Indicators
Norwegian vehicle registration is projected to climb to approximately 2.33 million units by 2028, up from around 1.86 million units recorded 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 2023, Norway held the 23rd position globally in vehicle registration. Russia surpassed Norway in 2023, also registering roughly 1.86 million units. Meanwhile, Canada, China, and Austria secured the second, third, and fourth spots, respectively, in the global ranking.
