Electric Vehicles Market In Norway: EV Industry Analysis ( Market Size, Share, Trends, Scope, Key Players, Growth), Segmentation (By Technology Type, By Vehicle Type), Market Data Forecast 2017-2025

Norway Electric Vehicles Market Outlook 2017-2025

Market Overview

Norway has established the highest market share of electric vehicles of approximately 29%, which is the most successful deployment of electric cars across the globe.  Successful deployment of electric vehicles in Norway is an outcome of an encouraging policy environment that has been accomplished in recent years encircling a large range of incentives, from tax breaks and exemptions to waivers on road tolls and ferry fees. Electric vehicles sales documented remarkable progress and the sales amplified by more than two folds from 2015 to 2016. This was persistent with the change in policy support. Other factors that may have influenced sales include variations in battery electric vehicles and plug-in hybrid vehicles model availability and a developed curiosity in electric cars from customers who more frequently cover long-distance trips (theoretically favoring PHEV sales). About 94-95% of electric vehicle owners, charge their vehicles at home in their garage, carport or parking space. However, government is also developing a fast charging station infrastructure to further augment the growth of electric vehicles in the region.

Goldstein Research analyst forecast Norway electric vehicles market is likely to boom with the emergence of electric vehicles in coming years. Further, the market is anticipated to reach USD 24.8 billion by 2025 at a CAGR of 18.6% over the forecast period as advancements in batteries and higher adoption rate will augment the growth of plug-in hybrid cars sale in Norway.

Norway Electric Vehicles Market Segmentation

By Technology Type

• Battery Electric Vehicles
• Plug-in Hybrid Vehicles
• Hybrid Vehicles

Based on the technology type, battery electric vehicles accounted for the largest revenue share of more than 55% in 2016. On the other hand, plug-in hybrid vehicles are growing at a higher pace owing to its longer driving range. Further, the plug-in hybrid vehicles are likely to dominate the electric vehicles in Norway by the end of the forecast period.

By Vehicle Type

• Passenger Cars
• Commercial Vehicles
• Two-Wheelers

By Charging Infrastructure Type

• CCS
• Type 2 AC
• Normal Charge
• Tesla Supercharger
• Chademo

By Charging Station Type

• Normal Charging
• Inductive Charging
• Super Charging

Covered In This Norway Electric Vehicles Market Report           

The report covers the present ground scenario and the future growth prospects of the electric vehicles for 2017-2025 along with the market players’ analysis. We calculated the market size and revenue share on the basis of revenue generated from major players in all major regions. Norway electric vehicles market is forecasted on the basis of revenue analysis, product benchmarking and strategic developments of key market players.

Norway Electric Vehicles Market Outlook 2017-2025, has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the Norway Electric Vehicles Market space. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. “Norway Electric Vehicles Market Report” also recognizes value chain analysis to understand the cost differentiation, pricing models to provide competitive advantage to the existing and new entry players.

Our Norway Electric Vehicles Market Report comprises of the following companies as the key players: Daimler AG, General Motors Corporation, Toyota Motor Corporation, Mitsubishi Motors Corporation, BYD Auto Co. Ltd., Volkswagen AG, BMW AG, Honda Motor Co. Ltd., and Hyundai Motor Company.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Target Audience

• Electric Vehicle Manufacturers
• Electric Vehicle Infrastructure Providers
• Component Manufacturers (Infrastructure and EV)

Key Questions Answered In This Norway Electric Vehicles Market Report

• What is the total market size by 2025 and what would be the expected growth rate of market?
• What is the total revenue per segment and region in 2016-17 and what would be the expected revenue per segment and region over the forecast period?
• What are the key market trends?
• What are the factors which are driving this market?
• What are the major barriers to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities for the existing and entry level players?
• What are the recent developments and business strategy of the key players?

Reasons to buy this market study

• Facilitate decision-making based on strong historic and forecast data for electric vehicles market
• Develop strategies based on the latest regulatory framework
• Position yourself to gain the maximum advantage of the electric vehicles market’s growth potential
• Identify key partners and business development avenues across the globe
• Respond to your competitors’ business structure, strategy and prospects