Electric cars captured an impressive 89% of Norway’s new car sales in 2024, edging the country closer to its ambitious goal of transitioning entirely to electric vehicles by 2025, according to a report released Thursday by the Norwegian Road Federation (OFV).

"We’re just 10 percent away from achieving the 2025 objective," OFV noted in its statement.

Out of 128,691 new car registrations in 2024, a remarkable 114,400 were electric vehicles. This marked an increase from the 82% market share in 2023, solidifying Norway as the global leader in EV adoption.

Despite being a major oil and gas producer, Norway has set a goal for all new cars sold by 2025 to be "zero emission"—a decade ahead of the European Union’s timeline. In contrast, electric cars accounted for a mere 2.8% of new car sales in Norway back in 2012.

The rapid adoption of EVs has been driven by attractive government incentives, including tax exemptions, toll-free road access, free public parking, and permission to use public transport lanes. Although some of these incentives have been scaled back, EVs remain a dominant choice among Norwegian consumers.

"It is vital to preserve incentives that encourage the purchase of electric cars if the government and parliament are to meet their own targets," said Oyvind Solberg Thorsen, OFV's director, in a press release.

Tesla remains the top EV brand in Norway, holding 19% of the market, followed by Volkswagen, Toyota, Volvo, and BMW. Looking ahead, Thorsen remarked, "In 2025, it will be fascinating to see if emerging Chinese brands and models can further strengthen their foothold among buyers."

Norway’s dedication to sustainable transportation is a global benchmark, showcasing the power of policy-driven market transformation.