Nordic Roads: Is Norway’s EV Market on Track to Meet Decarbonization Goals?
Our Privacy Policy has been updated! The Conference Board uses cookies to improve our website, enhance your experience, and deliver relevant messages and offers about our products. Detailed information on the use of cookies on this site is provided in our cookie policy. For more information on how The Conference Board collects and uses personal data, please visit our privacy policy. By continuing to use this Site or by clicking "OK", you acknowledge our privacy policy and consent to the use of cookies.  Our Privacy Policy has been updated! Detailed information on the use of cookies on this site is provided in our cookie policy and our privacy policy. 
TCB Tourch
Loading...
  • logoImage
  •  
    • US
    • EUROPE
    • ASIA

  • 2

    Close
    • Insights
        • Insights
        • Explore by Center
          • Explore by Center

          • CED
            Committee for Economic Development

          • Economy, Strategy & Finance

          • Environmental, Social & Governance

          • Human Capital

          • Marketing & Communications
        • Explore by Content Type
          • Explore by Content Type

          • Reports

          • Webcasts

          • Podcasts

          • Charts & Infographics
        • Trending Topics
          • Trending Topics

          • Artificial Intelligence (AI)

          • 2024 Elections

          • Geopolitics

          • US Economic Forecast

          • Sustainability

          • Future of Work
    • Events
        • Events
        • Upcoming Events
          • Upcoming Events

          • 2025: A Year In Preview

          • Corporate Communications: Driving the Business Forward

          • 25th Annual Employee Health Care Conference - New York

          • ESG Leadership Awards Dinner

          • 2025 ESG Summit

          • 25th Annual Employee Health Care Conference - San Diego

          • Explore all Upcoming Events

        • Member-Exclusive Programs
          • Member-Exclusive Programs

          • Center Briefings

          • Experts Live

          • Roundtables

          • Working Groups

          • Expert Briefings

    • Data
        • Data

        • Consumer Confidence Index

        • Data Central

        • TCB Benchmarking

        • Employment Trends Index

        • Global Economic Outlook

        • Leading Economic Indicators

        • Help Wanted OnLine

        • Labor Markets

        • Measure of CEO Confidence

        • Human Capital Benchmarking &
          Data Analytics

        • CMO+CCO Meter Dashboard

    • Centers
        • Centers
        • Our Centers
          • Our Centers

          • Committee for Economic Development

          • Economy, Strategy & Finance

          • Environmental, Social & Governance

          • Human Capital

          • Marketing & Communications
        • Center Membership
          • Center Membership

          • What Is a Center?

          • Benefits of Center Membership

          • Join a Center

    • Councils
        • Councils
        • Find a Council
          • Find a Council

          • Economy, Strategy & Finance

          • Environmental, Social & Governance

          • Human Capital

          • Marketing & Communications
        • Council Membership
          • Council Membership

          • What is a Council?

          • Benefits of Council Membership

          • Apply to a Council

    • Membership
        • Membership
        • Why Become a Member?
          • Why Become a Member?

          • Benefits of Membership

          • Check if Your Organization is a Member

          • Speak to a Membership Associate
        • Types of Membership
          • Types of Membership

          • Council

          • Committee for Economic Development

          • Economy, Strategy & Finance

          • Environmental, Social & Governance

          • Human Capital

          • Marketing & Communications

        • Already a Member?
          • Already a Member?

          • Sign In to myTCB®

          • Executive Communities

          • Member-Exclusive Programs

    • About Us
        • About Us
        • Who We Are
          • Who We Are

          • About Us

          • In the News

          • Press Releases

          • Our History

          • Support Our Work

          • Locations

          • Contact Us

        • Our Community
          • Our Community

          • Our Leadership

          • Our Experts

          • Trustees

          • Voting Members

          • Global Counsellors

          • Careers

          • This Week @ TCB

    • Careers
    • This Week @ TCB
    • Sign In to myTCB®
      • US
      • EUROPE
      • ASIA
    • Insights
      • Insights
      • Explore by Center
        • Explore by Center

        • CED
          Committee for Economic Development

        • Economy, Strategy & Finance

        • Environmental, Social & Governance

        • Human Capital

        • Marketing & Communications

      • Explore by Content Type
        • Explore by Content Type

        • Reports

        • Webcasts

        • Podcasts

        • Charts & Infographics

      • Trending Topics
        • Trending Topics

        • Artificial Intelligence (AI)

        • 2024 Elections

        • Geopolitics

        • US Economic Forecast

        • Sustainability

        • Future of Work

    • Events
      • Events
      • Upcoming Events
        • Upcoming Events

        • 2025: A Year In Preview

        • Corporate Communications: Driving the Business Forward

        • 25th Annual Employee Health Care Conference - New York

        • ESG Leadership Awards Dinner

        • 2025 ESG Summit

        • 25th Annual Employee Health Care Conference - San Diego

        • Explore all Upcoming Events

      • Member-Exclusive Programs
        • Member-Exclusive Programs

        • Center Briefings

        • Experts Live

        • Roundtables

        • Working Groups

        • Expert Briefings

    • Data
      • Data

      • Consumer Confidence Index

      • Data Central

      • TCB Benchmarking

      • Employment Trends Index

      • Global Economic Outlook

      • Leading Economic Indicators

      • Help Wanted OnLine

      • Labor Markets

      • Measure of CEO Confidence

      • Human Capital Benchmarking & Data Analytics

      • CMO+CCO Meter Dashboard
    • Centers
      • Centers
      • Our Centers
        • Our Centers

        • Committee for Economic Development

        • Economy, Strategy & Finance

        • Environmental, Social & Governance

        • Human Capital

        • Marketing & Communications

      • Center Membership
        • Center Membership

        • What is a Center?

        • Benefits of Center Membership

        • Join a Center

    • Councils
      • Councils
      • Find a Council
        • Find a Council

        • Economy, Strategy & Finance

        • Environmental, Social & Governance

        • Human Capital

        • Marketing & Communications
      • Council Membership
        • Council Membership

        • What is a Council?

        • Benefits of Council Membership

        • Apply to a Council

    • Membership
      • Membership
      • Why Become a Member?
        • Why Become a Member?

        • Benefits of Membership

        • Check if Your Organization is a Member

        • Speak to a Membership Associate

      • Types of Membership
        • Types of Membership

        • Council

        • Committee for Economic Development

        • Economy, Strategy & Finance

        • Environmental, Social & Governance

        • Human Capital

        • Marketing & Communications

      • Already a Member?
        • Already a Member?

        • Sign In to myTCB®

        • Executive Communities

        • Member-Exclusive Programs
    • About Us
      • About Us
      • Who We Are
        • Who We Are

        • About Us

        • In the News

        • Press Releases

        • This Week @ TCB

        • Our History

        • Support Our Work

        • Locations

        • Contact Us

      • Our Community
        • Our Community

        • Our Leadership

        • Our Experts

        • Trustees

        • Voting Members

        • Global Counsellors

        • Careers

        • This Week @ TCB

    • Careers
    • Sign In to myTCB®
    • Download TCB Insights App
  • Insights
    Insights

    Our research and analysis have helped the world's leading companies navigate challenges and seize opportunities for over 100 years.

    Explore All Research

    Economic Indicators

    • Explore by Center
    • CED
      Committee for Economic Development
    • Economy, Strategy & Finance
    • Environmental, Social & Governance
    • Human Capital
    • Marketing & Communications
    • Explore by Content Type
    • Reports
    • Webcasts
    • Podcasts
    • Charts & Infographics
    • Trending Topics
    • Artificial Intelligence (AI)
    • 2024 Elections
    • Geopolitics
    • US Economic Forecast
    • Sustainability
    • Future of Work
  • Events
    Events

    Our in-person and virtual events offer unmatched opportunities for professional development, featuring top experts and practitioners.

    See Everything Happening This Week

    Sponsor a Program

    • Upcoming Events

      • 2025: A Year In Preview

      February 04 - 05, 2025

      Corporate Communications: Driving the Business Forward

      March 06 - 07, 2025

      25th Annual Employee Health Care Conference - New York

      April 08 - 09, 2025

    •  

      • ESG Leadership Awards Dinner

      April 23, 2025

      2025 ESG Summit

      April 24 - 25, 2025

      25th Annual Employee Health Care Conference - San Diego

      May 01 - 02, 2025

    • Member-Exclusive Programs
    • Center Briefings
    • Experts Live
    • Roundtables
    • Working Groups
    • Expert Briefings
    • Explore by Type
    • Events
    • Webcasts
    • Podcasts
    • Member-Exclusive Programs
    • Center Briefings
    • Experts Live
    • Roundtables
    • Working Groups
    • Expert Briefings
  • Data
    Corporate Disclosure Data

    TCB Benchmarking

    Real-time data & analytical tools to benchmark your governance, compensation, environmental, human capital management (HCM) and social practices against US public companies.

    Economic Data

    Consumer Confidence Index

    US consumers' thoughts on the economy, jobs, finances and more

    Data Central

    One-stop, member-exclusive portal for the entire suite of indicators

    Labor Markets

    Covering all aspects of labor markets, from monthly development to long-term trends

    Measure of CEO Confidence

    Examines the health of the US economy from the perspective of CEOs

     

    Employment Trends Index

    Monthly, forward-looking composite of eight proven labor-market indicators

    Global Economic Outlook

    Track the latest short-, medium-, and long-term growth outlooks for 77 economies

    Leading Economic Indicators

    Track the state of the business cycle for 12 global economies across Asia and Europe

    Help Wanted OnLine

    Track the status of job markets across the US through online job listings

    Other Featured Data

    Human Capital Analytics Tools

    Tools to understand human capital management and corporate performance

    CMO+CCO Meter Dashboard

    Tracks the impact, resources, and satisfaction of CMOs and CCOs

  • Centers
    Centers

    Centers offer access to world-class experts, research, events, and senior executive communities.

    Our Centers
    • Committee for Economic Development
    • Economy, Strategy & Finance
    • Environmental, Social & Governance
    • Human Capital
    • Marketing & Communications
    Center Membership
    • What Is a Center?
    • Benefits of Center Membership
    • Join a Center
  • Councils
    Councils

    Councils are invitation-only, peer-led communities of senior executives that come together to exchange knowledge, accelerate career development, and advance their function.

    Find a Council
    • Economy, Strategy & Finance
    • Environmental, Social & Governance
    • Human Capital
    • Marketing & Communications
    Council Membership
    • What Is a Council?
    • Benefits of Council Membership
    • Apply to a Council
  • Membership
    Membership

    Membership in The Conference Board arms your team with an arsenal of knowledge, networks, and expertise that's unmatched in scope and depth.

    • Why Become a Member?
    • Benefits of Membership
    • Check if Your Organization is a Member
    • Speak to a Membership Associate
    • Types of Membership
    • Council
    • Committee for Economic Development
    • Economy, Strategy & Finance
    • Environmental, Social & Governance
    • Human Capital
    • Marketing & Communications
    • Already a Member?
    • Sign in to myTCB®
    • Executive Communities
    • Member-Exclusive Programs
  • About Us
    About Us

    The Conference Board is the global, nonprofit think tank and business membership organization that delivers Trusted Insights for What's Ahead®. For over 100 years, our cutting-edge research, data, events and executive networks have helped the world's leading companies understand the present and shape the future.

    Learn more about Membership

    • Who We Are
    • About Us
    • In the News
    • Press Releases
    • Our History
    • Support Our Work
    • Locations
    • Contact Us
    • Our Community
    • Our Leadership
    • Our Experts
    • Trustees
    • Voting Members
    • Careers
    • This Week @ TCB
Check if You're a Member
Create Account
Forgot Your Password?

Members of The Conference Board get exclusive access to the full range of products and services that deliver Trusted Insights for What's Ahead ® including webcasts, publications, data and analysis, plus discounts to conferences and events.

Electric Vehicle Insights

Nordic Roads: Is Norway’s EV Market on Track to Meet Decarbonization Goals?

22 January 2025 / Article

Download Article
  • Email
  • Linkedin
  • Facebook
  • Twitter
  • Copy Link

With electric vehicles (EVs) accounting for the majority of new vehicle sales in Norway in recent years, electric vehicle adoption has transformed the country into a global EV transportation leader. While Norway is closer than most economies to full EV adoption, and their policies have resulted in significant greenhouse gas (GHG) emissions reductions, challenges remain in phasing out internal combustion engine (ICE) vehicles to achieve complete electrification.

Key Insights

  • In Norway, EVs made up 96% of new car sales in September 2024—the highest percentage globally. Foreign automakers should prioritize innovative EV models to leverage the country’s mature market and tech-savvy consumers.
  • Norway’s GHG emissions from vehicles have fallen rapidly, but the country still has a large stock of ICE cars that will be on its roads for years. Automakers selling in Norway should prepare for policy changes by adjusting pricing strategies and focusing their marketing on the long-term benefits of EV ownership.
  • Strategically expanding rapid charging infrastructure in rural areas, where EV adoption rates are low, is essential to accelerating the transition from ICE cars to EVs. As colder climates reduce battery range, necessitating more frequent charging, investing in a denser network of rapid chargers could mitigate consumer range anxiety and encourage even higher EV adoption rates.

With electric vehicles (EVs) accounting for the majority of new vehicle sales in Norway in recent years, electric vehicle adoption has transformed the country into a global EV transportation leader. While Norway is closer than most economies to full EV adoption, and their policies have resulted in significant greenhouse gas (GHG) emissions reductions, challenges remain in phasing out internal combustion engine (ICE) vehicles to achieve complete electrification.

Key Insights

  • In Norway, EVs made up 96% of new car sales in September 2024—the highest percentage globally. Foreign automakers should prioritize innovative EV models to leverage the country’s mature market and tech-savvy consumers.
  • Norway’s GHG emissions from vehicles have fallen rapidly, but the country still has a large stock of ICE cars that will be on its roads for years. Automakers selling in Norway should prepare for policy changes by adjusting pricing strategies and focusing their marketing on the long-term benefits of EV ownership.
  • Strategically expanding rapid charging infrastructure in rural areas, where EV adoption rates are low, is essential to accelerating the transition from ICE cars to EVs. As colder climates reduce battery range, necessitating more frequent charging, investing in a denser network of rapid chargers could mitigate consumer range anxiety and encourage even higher EV adoption rates.
This publication is available to you, but you need to sign in to myTCB® or create an account to access it.To learn more about becoming a Member click here. To check if your company is a Member, click here
  • Sign In
  • Create An Account

Forgot Password?

 

Keep my computer signed in



 

By Clicking 'Create Account',
You Agree To Our Terms Of Use

Create Account  

Members of The Conference Board get exclusive access to Trusted Insights for What’s Ahead® through publications, Conferences and events, webcasts, podcasts, data & analysis, and Member Communities.

Great News!

You already have an account with The Conference Board.

Please try to login in with your email or click here if you have forgotten your password.

Authors

Alexander Heil, PhD

Alexander Heil, PhD Alexander Heil, PhD

Senior Economist, ESF Center
The Conference Board

Read Bio

Ioannis Siskos

Ioannis Siskos Ioannis Siskos

Senior Research Fellow, Environmental, Social & Go…
The Conference Board

Read Bio

Minji Xie

Minji Xie Minji Xie

Senior Researcher, China Center for Economics and …
The Conference Board

Read Bio

Other Related Resources

Article

Charging Ahead: Is India's EV Adoption Plan a Model for the Developing World?

Charging Ahead: Is India's EV Adoption Plan a Model for the Developing World?

January 16, 2025

Article

In Flux: Taking Stock of the Electric Vehicle Market in China

In Flux: Taking Stock of the Electric Vehicle Market in China

November 13, 2024

Article

Amping Up: Taking Stock of the Electric Vehicle Market in the EU

Amping Up: Taking Stock of the Electric Vehicle Market in the EU

November 07, 2024

Article

Charging Ahead: Taking Stock of the Electric Vehicle Market in the US

Charging Ahead: Taking Stock of the Electric Vehicle Market in the US

October 31, 2024

Article

Global EV Insights

Global EV Insights

October 17, 2024

Article

China and Electric Vehicles

China and Electric Vehicles

November 01, 2023

Article

The Future of US Vehicle Electrification and GHG Emissions

The Future of US Vehicle Electrification and GHG Emissions

August 01, 2023

Article

EV Adoption Could Exacerbate Transportation Infrastructure Funding Shortfall

EV Adoption Could Exacerbate Transportation Infrastructure Funding Shortfall

July 31, 2023

Report

Evolution or Revolution? The Challenges for Truck Electrification

Evolution or Revolution? The Challenges for Truck Electrification

March 22, 2023

Report

Charge it! Challenges for the Growth of Electric Vehicles in the US

Charge it! Challenges for the Growth of Electric Vehicles in the US

December 09, 2022

Article

Charging Ahead: Is India's EV Adoption Plan a Model for the Developing World?

Charging Ahead: Is India's EV Adoption Plan a Model for the Developing World?

January 16, 2025

Article

In Flux: Taking Stock of the Electric Vehicle Market in China

In Flux: Taking Stock of the Electric Vehicle Market in China

November 13, 2024

Article

Amping Up: Taking Stock of the Electric Vehicle Market in the EU

Amping Up: Taking Stock of the Electric Vehicle Market in the EU

November 07, 2024

Conference Board Sample Web Chat
chatbot-Icon TCB Logo
chatbot-Icon
C-Suite Insights Newsletter - Subscribe to the must-read weekly newsletter for C-suite executives from The Conference Board
ABOUT US
  • Who We Are
  • Annual Report
  • Our History
  • Our Experts
  • Our Leadership
  • In the News
  • Press Releases
MEMBERSHIP
  • Become a Member
  • Sign In to myTCB®
  • Access Experts
  • Member-Only Events
  • Data & Benchmarking
  • Manage Account
EXPLORE
  • Centers
  • Councils
  • Latest Research
  • Events
  • Webcasts
  • Podcasts
  • This Week @ TCB
CONTACT US
  • Americas
    +1 212 759 0900
    customer.service@tcb.org
  • Europe/Africa/Middle East
    +32 2 675 5405
    brussels@tcb.org
  • Asia
    Hong Kong | +852 2804 1000
    Singapore | +65 8298 3403
    service.ap@tcb.org
CAREERS
  • See Open Positions
Terms Of Use | Privacy Policy | Event Code of Conduct | Trademarks
© 2025 The Conference Board Inc. All rights reserved. The Conference Board and torch logo are registered trademarks of The Conference Board.
The use of all The Conference Board data and materials is subject to the Terms of Use. Reprint requests are reviewed individually and may be subject to additional fees.The Conference Board reserves the right to deny any request.
Terms of Use | Privacy Policy | Event Code of Conduct | Trademarks
© 2025 The Conference Board Inc. All rights reserved. The Conference Board and torch logo are registered trademarks of The Conference Board.
The use of all data from The Conference Board data and materials is subject to the Terms of Use. Reprint requests are reviewed individually and may be subject to additional fees.The Conference Board reserves the right to deny any request.

Thank you for signing up. You will now receive CEO Insights for What's Ahead every Wednesday morning. You can unsubscribe at any time or manage your preferences to receive more content from The Conference Board.

Announcing The Conference Board AI Virtual Conference Series

Explore the Impact of AI on Your Business

Members receive complimentary registration - Learn more >>