Norway was the golden boy from the North for a long time. They were touted to be the richest Europeans, courtesy of Oil & Gas plus fish. But now they are wrecking their economy and we should take note. Only by shoveling massive subsidies towards EV’s and beating ICE’s with a big stick they get those EV adoption numbers. But that can’t go on forever. They either cut welfare or increase taxes massively. I wonder if that sits well with Norwegians. And once an opposition party sees that it can make votes by opposing this crap, we will see landslides again. The second such case to watch is Germany by the way.
Norway has been hailed as a model for electric vehicles adoption with EV sales exceeding 57% of new car sales in June of this year, but what’s really behind this stellar growth?