The sale of new electric cars in Norway rose by 30.9% last year amid soaring demand for Tesla Inc’s vehicles, but the pioneering U.S. firm faces rising competition from rival auto makers in 2020. Fully electric cars made up 42.4% of sales in the Nordic nation last year, a global record, rising from a 31.2% market share in 2018 and just 5.5% in 2013, the Norwegian Road Federation said on Friday. Seeking to become the first country to end the sale of fossil-fueled cars by 2025, Norway exempts battery-powered vehicles from the taxes imposed on petrol and diesel …read more
Source:: Yahoo Finance
