Elon Musk loves Norway - this is why
Norway offers generous subsidies for electric vehicles, and they’re everywhere
By Christina Farr
Tesla CEO Elon Musk loves Norway, once deeming it an “amazingly awesome country.”
Norway seems to love him back, selecting him earlier this year for its “Oslo Business for Peace” award for his work to promote alternatives to fossil fuels.
The Scandinavian country has now become a model for electric car ownership. It boasts the highest rates of electric vehicles in the world, with the government offering generous subsidies and incentives to bolster adoption.
During my tour of Oslo, Norway’s capital and most populous city, I spotted Teslas and Nissan Leafs on almost every street.
Nearly a quarter of vehicles on the road are electric or hybrid. That number is expected to rise, with EV’s representing nearly 40 per cent of newly registered cars. The government’s goal is to rid the nation of all fossil-fuel powered cars by 2025, which would reduce the country’s carbon footprint given that most of its electricity comes from hydropower.