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Ford’s Electric Mustang Tops Norway Car Sales in May

Ford’s Electric Mustang Tops Norway Car Sales in May

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By exempting fully electric vehicles from taxes imposed on internal combustion engines, Norway has turned its car market into a testing ground for automakers seeking a path to a future without fossil fuels.

OSLO : Ford Motor Co’s electric Mustang Mach-E topped Norway’s car sales in May, the first full month of registrations for the crossover vehicle in the small but influential Nordic market, national data showed on Tuesday.

Battery electric vehicles made up 60.4 per cent of all new cars sold in Norway last month, the Norwegian Road Federation (OFV) said, up from 43.1 per cent a year ago as the country seeks to become the first to end the sale of petrol and diesel engines by 2025.

By exempting fully electric vehicles from taxes imposed on internal combustion engines, Norway has turned its car market into a testing ground for automakers seeking a path to a future without fossil fuels.

In 2020, electric cars grabbed a 54 per cent share of the overall Norwegian market, outselling the combined volume of petrol, diesel and hybrid engines for the first time on a full-year basis.

A total of 1,384 electric Ford Mustangs were registered in May for a 10 per cent share of Norway’s overall car market, ahead of Toyota’s RAV4 hybrid vehicle and Skoda’s electric Enyaq. Tesla’s Model 3 took sixth place.

Source: Reuters

Anand Gupta Editor - EQ Int'l Media Network