EVs have gained immense popularity in five Nordic countries

EVs have gained immense popularity in five Nordic countries

In an interesting report, US News has revealed that electric cars have gained a lot of popularity in five Nordic countries --- Norway, Finland, Sweden, Denmark, and Iceland. The report is based on information shared by the International Energy Agency.

The above-mentioned five Nordic countries account for barely 0.4 percent of the world’s population. These countries have excessively cold weather conditions and lots of snowfall; thereby leading to the assumption that people in these countries would ideally prefer gas-powered or diesel-powered vehicles. However, quite surprisingly, electric cars are extremely popular in these five countries.

According to the US News report, almost eight percent of the total worldwide sales of fuel-efficient cars --- including battery-powered vehicles, plug-in hybrids, and fuel cell cars -- were attributable collectively to the five mentioned Nordic countries in 2016.

The reason behind the popularity of electric vehicles in Norway, Finland, Sweden, Denmark, and Iceland is that the governments in these five Nordic countries are encouraging consumers to ditch gas-powered vehicles and choose vehicles running on alternative fuels. Consumers who purchase fuel-efficient cars in these countries get generous tax breaks and rebates, along with discounts to use toll roads.

With regard to the popularity of EVs in the five mentioned Nordic countries, Mark Gottfredson -- a partner at Bain & Company -- said that “it's just cheaper to own an electric vehicle” in these countries, so EV demand here has rocketed.