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Norway to hit 100% electric vehicle sales by early next year

drive.com.au

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Re: Norway to hit 100% electric vehicle sales by early next year

#41

Post by magicalhippo »

marvin wrote: post #21
thomasfl wrote: post #14

There's a huge price difference between electric cars and gas fueled cars here in Norway. Gas fueled car buyers have to pay both 25 percent VAT and an additional tax on purchase. Buyers don't have to pay neither of those taxes if they buy an electric car. The singer of the group A-ha, Morten Harket, bought an electrical car in 1989 and refused to pay road tolls and ignored all the subsequent fines. That got a lot of…

Would be interesting to eventually hear Elon Musk's thoughts on Norway's role in Tesla's success. We were a very big market for them in 2013-2018, one might suspect critical.

With half the Teslas made going to Norway for quite a while, I think indeed it was a key to their success.

Not just the numbers, but also the geography and climate. Make a car that can be used for a long trip any time of the year here, and you're set for most markets.

There's a reason why car makers come to Norway and Sweden to test their new cars before launch.

Re: Norway to hit 100% electric vehicle sales by early next year

#42

Post by Retric »

cecilpl2 wrote: post #30
belltaco wrote: post #9

Earlier quoted context omitted.

Stopping it would be useless, it'd just increase production from oil wells of other countries. They could invest that money into accelerating green technology.

To a first order effect, stopping production would decrease supply, increasing price, and therefore decreasing demand and therefore overall oil usage, shifting some energy to alternative sources. Of course second order effects might dwarf that, like the fact that increasing prices would incentivize oil extraction in currently unprofitable locations. That extraction may or may not be more carbon-intensive than Norway'…

Infrastructure takes time to build. A short term price hike in oil costs isn’t going to change how many cars Tesla can manufacture tomorrow. Near term you can build up infrastructure to extract more oil from the same well faster than you can build a new car factory.

The only real change from such a policy is how quickly wells will run dry, but I hope we can abandon oil long before running out is a serious concern.

Re: Norway to hit 100% electric vehicle sales by early next year

#43

Post by tobinfricke »

tannhaeuser wrote: post #2

Isn't that a strange thing, considering Norway is vast, has low population density especially in the north, and has own oil resources available?

Norway has plentiful hydropower, so electric cars do make sense there.

They do have huge crude oil reserves, but do they have any refining capability?

Re: Norway to hit 100% electric vehicle sales by early next year

#44

Post by dagw »

shkkmo wrote: post #20
tuatoru wrote: post #7

Earlier quoted context omitted.

Norway is wealthy thanks to selling fossil fuels. Norwegians feel guilty about that, but not guilty enough to stop selling them. This is essentially performative environmentalism from them. Still, it will help other countries by throwing up unforeseen problems in all-electric ground transportation, and some solutions.

Norway has been doing a relatively good job of investing their oil revenue into technologies and infrastructure that will carry their economy through the end of oil and hopefully help reduce global warming. Given their relatively contribution to the total global production and OPEC's supply management to control prices, it is unclear if a halt in Norwegian oil sales would raise prices significantly enough to matter.…

I don't think that the electric car adoption is purely driven by environmentalism.

On an individual level basically no one in Norway buys an electric car due to environmentalism. It's 100% an economic decision. Buying a new gasoline powered car today in Norway simply doesn't make financial sense no matter how you look at it.

Re: Norway to hit 100% electric vehicle sales by early next year

#45

Post by andreer »

andrenth wrote: post #11

Does anyone have a pointer to studies on the effects of electric vehicles in the used car market? I ask because the lifespan of current batteries seems to be around 8 years (going by manufacturers' warranties), and the battery pack amounts to approximately 30% of the price of the car. So people buying an used electric car will likely face a large maintenance cost after a while.

I don't think it's too different from an ICE car. Based on what I've seen in the used car market here in Norway it seems much the same.

Applying the same logic, The lifespan of an internal combustion engine seems to be around 5 years (going by manufacturers warranties), and the cost is probably not too far off from 30% of the car there either.

And having also owned an aging diesel powered car, I can promise you there were definitely increasing maintenance costs with that too!

Re: Norway to hit 100% electric vehicle sales by early next year

#46

Post by [deleted] »

tuatoru wrote: post #7
tannhaeuser wrote: post #2

Isn't that a strange thing, considering Norway is vast, has low population density especially in the north, and has own oil resources available?

Norway is wealthy thanks to selling fossil fuels. Norwegians feel guilty about that, but not guilty enough to stop selling them. This is essentially performative environmentalism from them. Still, it will help other countries by throwing up unforeseen problems in all-electric ground transportation, and some solutions.

[deleted]

Re: Norway to hit 100% electric vehicle sales by early next year

#47

Post by bogomipz »

dtech wrote: post #13
WalterBright wrote: post #5

20% of Norway's GDP comes from pumping oil out of the ground and selling it for others to burn. If they were really green that would stop.

At least they are using that money for citizens and green energy instead of Ferrari's of the royal family

That seems like an odd concession given that the need to curtail the burning of fossil fuels is literally a global concern.

Re: Norway to hit 100% electric vehicle sales by early next year

#48

Post by bellyfullofbac »

On the topic of Norwegian oil, a fascinating story of an Iraqi who helped them deal with being an oil-producing nation: https://web.archive.org/web/20100123225932/http://www.ft.com...

He was an oil expert who met a Norwegian au-pair in London, they got together, married, had a sick kid so they decided to move to Norway, and because he had the whole day before he could take the train from Oslo to her hometown, he decided to visit the Ministry of Industry to get leads on oil jobs...

Re: Norway to hit 100% electric vehicle sales by early next year

#49

Post by jszymborski »

tkbeili wrote: post #29
thomasfl wrote: post #14

There's a huge price difference between electric cars and gas fueled cars here in Norway. Gas fueled car buyers have to pay both 25 percent VAT and an additional tax on purchase. Buyers don't have to pay neither of those taxes if they buy an electric car. The singer of the group A-ha, Morten Harket, bought an electrical car in 1989 and refused to pay road tolls and ignored all the subsequent fines. That got a lot of…

Very interesting. In Canada, it will take years to recoup the price difference for buying an electric car even with government incentives. 25% VAT + Extra tax seems to work.

Agreed! We have subsidies for electric vehicles under a certain price, but imo prices just get inflated to "what the market is willing to pay" + "value of the subsidy"

Re: Norway to hit 100% electric vehicle sales by early next year

#50

Post by magicalhippo »

jalk wrote: post #35
thomasfl wrote: post #23

Earlier quoted context omitted.

As a Norwegian I totally agree with you. It is not just unethical, but stupid to invest so much in searching for new old fields. When demand for oil drops, Norway could have a Kodak moment.

How large is the Oil Fund these days (after Corona spending) 1 trillion USD or something like that - you'll be fine

> How large is the Oil Fund these days

They got a "live" counter here[1], so yeah around 1.3 trillion USD give or take. Estimates for corona spending is around 80 billion USD[2].

[1]: https://www.nbim.no/en/

[2]: https://www.nettavisen.no/okonomi/regjeringen-advarer-oljefo...

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