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Norway is poised to say goodbye to internal combustion vehicles for good, as the nation's shift towards electric automobiles accelerates rapidly.

Tax benefits and additional advantages such as complimentary parking, a wide selection of both foreign and EU-manufactured vehicles, along with an extensive charging infrastructure have directed nearly all national consumer spending in the country towards electric vehicles.

In 2017, a non-legislative and somewhat ambiguous objective was established to eliminate fossil fuel vehicles. Recent market statistics indicate that this target is now increasingly attainable for the Arctic nation with a population of 5.5 million.

Although cold weather often depletes battery life, consumers interviewed by the BBC mentioned that range and charging issues aren't significant concerns, thanks to a shift in perspective: instead of charging only when necessary, they now charge whenever possible.

They also mentioned that there’s no reason other countries couldn't implement the Norwegian model, as the purchasing decisions aren't heavily influenced by an overly 'green' perspective. Instead, the focus is on making electric vehicles accessible, affordable, and practical.

The best-selling EVs in the country are Teslas, followed by models from VW and Toyota. Unlike the US and EU countries, Norway hasn’t imposed tariffs on Chinese-made EVs, and a variety of Chinese makes enjoy a 10% share of Norway’s market which saw EVs account for 88.9% of new cars sold in the country last year, up from 82.4% in 2023.

Currently, a third of all registered vehicles in the country are electric when diesel vehicles are taken into account. However, if we focus solely on gasoline-powered cars, the distribution is nearly even, with electric vehicles making up about half of the total.

Norway has more proven gas and petroleum reserves than any other European nation. Like many of the world’s largest oil and natural gas exporters, they enjoy a massive sovereign wealth fund totaling over $1.7 trillion which allows them, the BBC reports, to shrug off the loss of tax revenue from EVs most of which are exempt from import and property taxes.