Key Market Indicators
Norwegian electric vehicle registrations are projected to hit approximately 202,000 units by 2028, up from around 141,000 units in 2023. This represents an average annual growth rate of 5.7%. Since 2019, Norway's electric vehicle market has seen a robust annual growth rate of 14.1%. In 2023, Norway ranked fifth in Europe for electric vehicle registrations, with the Netherlands surpassing it with similar registration numbers of about 141,000 units. Other countries ahead of Norway in this ranking include Sweden, Italy, and the Netherlands, which held the second, third, and fourth positions, respectively.
