Economics
In the News
Carbon shift - 65% of new cars bought in Norway are electric
6th January 2022
65% of new cars bought in Norway are electric. You might be surprised that an oil producer is so keen to encourage electric car take-up.
However, the government has exempted electric cars from many of the taxes associated with owning a car; additionally, it's also relatively affluent, and the government has spent a great deal in providing a well-developed electric car infrastructure. The aim is to halt petrol and diesel car sales by 2025.
Meanwhile, back in the UK....
An oddity: here is a story featuring both demand and supply factors: the Society of Motor Manufacturers and Traders (SMMT) report a rise in demand for electric cars but also note that supply chain problems - with computer chips - is still affecting the market.
They also note that the UK is still lacking electric car infrastructure to support the adoption of these vehicles.
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