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2020-09-01
725
Norway
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 Market Intelligence 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 grow at 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
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
By Charging Infrastructure Type
By Charging Station Type
The report covers the present ground scenario and the future growth prospects of the electric vehicles for 2017-2030 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 2017-2030, 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.
The report analyses and includes complete detailed chapter of 50-70 pages about the short term & long terms impact of COVID-19 outbreak on each segment of "Norway Electric Vehicles Market" along with government measures to support the sector. It also showcases the current market landscape during COVID, impact of the virus on leading companies, expected demand schedule and supply chain in the industry and other various major factors. This will help you identify those companies that may benefit from this pandemic as well as those that will lose out.
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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Key Questions Answered In This Norway Electric Vehicles Market Report
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