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Norway Electric Vehicles Market Tends to Grow at a CAGR of 18.6% During 2017-2025

22.10.2018 - 05:11

According to Goldstein Research, Norway electric vehicles market is anticipated to reach USD 24.8billion by 2025, expanding at a CAGR of 18.6% during the forecast period, 2017-2025. Norway has been ahead in the adoption of renewable energy & environment-friendly solutions such as electric vehicles, and thus Norway acquires 29% market share of global electric vehicles. Norway has the most successful implementation of electric cars, which is possible only due to government environmental policies that include incentives & tax concessions. Moreover, high curiosity among the consumers towards advancing variations in the battery, charging facility at home & own garage, and government role in the development of commercial EV charging stations is driving the market. Further, based on technology type segmentation, battery EV segment accounted for the largest market share of 55.0% in 2017. Whereas, plug-in hybrid vehicles segment is growing at higher CAGR and is anticipated to dominate the market by the end of forecast period.

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Market Segmentation

On the basis of our in-depth analysis, NorwayElectric Vehicles Market can be segmented as follows:

By Technology Type

• Battery Electric Vehicles

• Plug-in Hybrid Vehicles

• Hybrid Vehicles

By Vehicle Type

• Passenger Cars

• Commercial Vehicles

• Two-Wheelers

By Charging Infrastructure Type


• Type 2 AC

• Normal Charge

• Tesla Supercharger

• Chademo

By Charging Station Type

• Normal Charging

• Inductive Charging

• Super Charging

“Norway Electric Vehicles MarketOutlook 2025” contains a detailed overview of the Norway electric vehicles market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by technology type, vehicle type, charging infrastructure type and charging station type.

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The Norway Electric Vehicles Market Report highlights the competitive outlook of major Norway players that includes business strategies, product portfolio, revenue distribution, financial analysis, R&D activities, and investments. The in-depth analysis of electric vehicles market report will help the clients to assess their business strategies as per the competitive environment in the market space.

Major players of the Norway electric vehicles market discussed in the report are Daimler AG, General Motors Corporation, Toyota Motor Corporation, Mitsubishi Motors Corporation, BYD Auto Co. Ltd., Volkswagen AG, BMW AG, Honda Motor Co. Ltd., Hyundai Motor Company, etc.

Further, Norway Electric Vehicles Market Report encompasses the major trends & growth opportunities, market dynamics and other growth factors. The Electric Vehicles Market outlook also comprises of key challenges for the market players, risk analysis, SWOT Analysis, BPS analysis and Market Attractiveness. The report also includes the expert analysis which provides a complete overview of the market post analysis of the economic, political, environmental & social factors of each region and country.

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Browse The global report of Electric Vehicles Market to get more insights into the market.