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home / news releases / NKLA - EVs Commanded 65% Market Share in Norway in 2021


NKLA - EVs Commanded 65% Market Share in Norway in 2021

Electric vehicles (“EVs”) may be among the most popular emerging technologies, but we are still a long way from mass adoption. Although several countries around the world have pledged to transition from internal combustion engine vehicles to zero-emission electric cars in a bid to cut their greenhouse gas emissions, EVs still make a very small percentage of total vehicle sales. This is mainly due to their high upfront costs as well as limited public charging infrastructure.

Norway, however, is leading the charge on EV adoption. Although the Scandinavian country makes for a small market in terms of raw numbers, especially when compared to the juggernaut that is China, it is number one in electric vehicle penetration. In 2021, a whopping two-thirds of total vehicle sales in Norway consisted of electrified cars. This means that of the 176,276 cars sold in 2021, 65% of them were electric, a 25% increase...

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Stock Information

Company Name: Nikola Corporation
Stock Symbol: NKLA
Market: NASDAQ
Website: nikolamotor.com

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