Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From Mar 01, 2022

Supply Chain Snarls Dent Norway’s Electric Vehicle Advance

Supply Chain Snarls Dent Norway’s Electric Vehicle Advance

Delivery and production challenges hit new car sales in Norway last month, hampering the goal to remove new fossil-fuel vehicles from car dealerships by 2025.

First-time car registrations fell by 24% in February from a year earlier, with the emission-free share dropping to about 76% from 84% in January, according to data compiled by the Norwegian Information Council for Road Traffic. Still, that's up from a market share for EV's of 48% in the same month last year.

A shortage of semiconductors for car production was behind the decline, while challenges finding space on car-carrying ships added to the drop, the council said. The Hyundai IONIQ 5 was the most popular model for the month, followed by the BMW iX and the Audi Q e-tron. About 9.4% of all new cars sold ran purely on petrol or diesel, while 15% were hybrids. 

Read more: EV Sales Hit Record in Norway With Fossil Engines Soon Gone

©2022 Bloomberg L.P.

Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search
Add NDTV Profit As Google Preferred Source