China rapidly gaining market share in Norway, the world's most EV-friendly country
Stockholm, July 14 (Hibya) – Since the first MG delivery in January 2020, Chinese electric vehicle brands have reached around 10% total market share in Norway. This explosive growth is especially noteworthy given the Scandinavian country’s decision not to impose tariffs on EV imports from China.
Since the first MG delivery to the wealthy Scandinavian country in January 2020, Chinese EV brands have reached around 10% total market share thanks to Beijing’s competitive pricing policies and advanced technology.
This rapid growth is particularly significant considering Norway’s decision not to apply import tariffs on Chinese electric vehicles and its reputation as the most EV-friendly country in the world.
Norway’s tariff policy contrasts with that of the U.S. and the European Union, which impose duties on Chinese EVs to protect dominant American and European brands.
Non-EU member Norway previously stated that imposing tariffs on Chinese-made EVs would be neither appropriate nor justified. A spokesperson for Norway’s Ministry of Finance was not immediately available for comment, according to CNBC.
Christina Bu, secretary general of the Norwegian Electric Vehicle Association (NEVA), said there are currently at least 20 different Chinese EV models available on the Norwegian market.
She noted that Norwegian consumers’ views on Chinese EVs have “changed a lot” in recent years.
In an interview with CNBC, Bu said: “They see that these are good cars, technologically advanced and very competitively priced. So we have a very competitive EV market in Norway. In the first half of this year, our market share was about 94%.”
According to data from the Norwegian Road Federation (OFV), Chinese EV makers like BYD, XPeng and MG were among the 20 best-selling car companies in Norway’s new vehicle market last month.
British News Agency