Remove PHEV Remove SUV Remove Tax Remove Vietnam
article thumbnail

EVs market share continues to grow in Norway

Push EVs

plugin hybrids (PHEVs). That low came as a hangover effect of new tax policies active from January 1st, which had pulled-forward a large number of auto sales into November and December. With the new tax policies further disincentivising combustion-only sales, their combined share in February fell to 4.4%, almost a new record low.

Norway 59
article thumbnail

Nearly one in five cars sold worldwide in 2023 was electric: IEA | Autocar Professional

Baua Electric

Tax exemption for EV purchases and non-financial support remain in place, after an extension, as the automotive industry is seen as one of the key drivers of economic growth. In FY2024, electric car and SUV sales in India jumped 90% to over 90,000 units. Increasing model availability is also helping boost sales.