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Technology Stocks : The Electric Car, or MPG "what me worry?"

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From: Eric6/24/2017 8:00:41 AM
   of 17430
 
DoE: Plug-In Vehicle Sales Hit 23.5% Market Share In Norway For 2016, Leads Europe

15 hours ago by Mark Kane

2 Comments


Nearly One Quarter of Vehicles Sold in Norway in 2016 were Plug-in Vehicles (source: energy.gov)

Norway has a long-standing record of having the highest plug-in electric car market share, which so far is still way (way, way) out of reach for any other country in the world to come close to assaulting.


New plug-in passenger car registrations in Norway – April 2017

According to the DOE’s Office of Energy Efficiency & Renewable Energy, nearly one out of every four vehicles(23.5%) sold in Norway for 2016 was a plug-in (all-electric or plug-in hybrid).

And if we exclude light commercial vehicles, the market share stands at nearly 29%!

For comparison, Netherlands barely exceeded 5% in 2nd place.
“Norway had the highest plug-in electric vehicle (PEV) market penetration of European countries – nearly one of every four vehicles sold in Norway in 2016 was a PEV (23.5%).

Although 17.3% of all European PEV sales were in the United Kingdom, the PEV market penetration was only 1.3% due to the relative size of the market. The Netherlands had the second highest market penetration rate of PEVs at 5.1%, securing 10.1% of the total European PEV market. For comparison purposes, the United States PEV market penetration in 2016 was 0.9%.”
insideevs.com

source: energy.gov
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