Electric vehicles maintain 97.4% market share in Norway despite October decline

A total of 10,852 new battery electric vehicles (BEVs) were registered in Norway in October, representing 97.4 per cent of the total 11,138 new passenger car registrations.

This reflects a 22 per cent decline compared to September and a marginal drop year-on-year, according to the Norwegian Road Information Council (OFV).

Despite the decrease, the year-to-date EV share now stands at 95.2 per cent, up from 88.8 per cent at the same time in 2024. The OFV noted that October is traditionally a quieter month, and the figures align with seasonal patterns.

Between January and October 2025, 124,463 new passenger vehicles were registered in the country, marking a 20.4 per cent increase compared to the same period last year. Of these, 118,460 units were fully electric.

Plug-in hybrid petrol vehicles followed with 2,198 registrations, accounting for a 1.8 per cent market share.

“These figures confirm that Norway remains the global leader in the electrification of the new car market,” stated the OFV.

The OFV anticipates potential growth in the coming months as consumers may bring forward vehicle purchases to benefit from the existing VAT exemption, ahead of the changes set for 2026.

“Many people are probably considering bringing forward their car purchases to benefit from the current VAT exemption,” explained Geir Inge Stokke, OFV Director.

Top-selling electric models in October

Volkswagen led the market in October with 1,565 all-electric registrations, followed by Volvo (1,165 units) and BMW (960 units).

Tesla registered 671 vehicles during the month, consistent with its end-of-quarter delivery strategy.

The Tesla Model Y remained Norway’s best-selling vehicle in October with 592 registrations.

It was followed closely by the Volvo EX40 (586 units) and the Volkswagen ID.7 (585), each holding a 5.3 per cent market share.

In contrast, the Model Y recorded 4,132 units and a 28.8 per cent share in September.

Other high-ranking models included the Volkswagen ID.4 (456 units), Volvo EX30 (436), and BYD Sealion 07 (371), a Chinese-manufactured SUV.

The Xpeng G6, another Chinese model, also entered the top ten with 332 registrations. Additional mid-size segment entries included the Škoda Elroq (346), Ford Explorer (337), and BMW i4 (322).

“According to the model statistics, competition is intensifying. New models are establishing themselves quickly, and sales are being distributed more evenly across several brands. This indicates that the electric car market is maturing,” said Stokke.

Electric van market shows steady progress

The electrification of the light commercial vehicle segment is also advancing.

In October, 2,713 new vans were registered in Norway, with 45.9 per cent of them battery electric.

For the year to date, 44.8 per cent of van registrations are electric, compared to 28.7 per cent in the same period of 2024.

“The electrification of vans is progressing, but many companies face greater financial challenges than before. Predictable incentives and stable framework conditions are thus crucial for further development,” added Stokke.

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