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Chinese Electric Vehicles Capture Nearly 10% Market Share in Norway

share-iconThursday, January 02 comment-icon4 weeks ago 10 views
News sources:
reutersREUTERS
Chinese Electric Vehicles Capture Nearly 10% Market Share in Norway

Credited from: REUTERS

  • Chinese electric vehicles (EVs) have grown to represent nearly 10% of new car sales in Norway within five years.
  • In 2023, their combined market share reached 8.8%, up from 5.1% in 2022.
  • Norway has no import tariffs, unlike the EU and the U.S., enabling easier market access for Chinese brands.
  • The EU and U.S. are imposing higher tariffs, starting in November 2024, while Norway maintains a neutral stance.
  • By 2023, China had become the world's leading car exporter, selling around 1.2 million EVs globally.

For more details, visit the original article at Reuters.

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Gloria Terra

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