Comparing New Mexico to Norway...
Posted on 07/28/2022 12:41:00 PM PDT by algore
When it comes to sales of electric cars, Norway is in a league of its own. In September, battery-powered electric vehicles accounted for 77.5 percent of all new cars sold. That figure makes Norway a world leader by a long way—leapfrogging over the UK, where 15 percent of new car sales were electric as of October, and the US, where that number is just 2.6 percent.
Norway’s electric dream has been credited to a series of tax breaks and other financial carrots that mean brands like Tesla can compete on price with combustion engines. But these incentives—and their success—have created a unique predicament: Norway is running out of dirty cars to tax.
It’s quite a big problem. The previous government—a center-right coalition that was replaced by a center-left minority government in October—estimated that the popularity of EVs was creating a 19.2 billion Norwegian krone ($2.32 billion) hole in the country’s annual revenue. While EVs might be great news for the environment, their rapid success in Norway is now forcing some serious fiscal consternation.
people responded to the policy so well that it eradicated an important source of income for the government, says Anette Berve, spokesperson for the Norwegian Automobile Federation, a group representing car owners. “So this is a clash of two different goals.”
In an attempt to claw back lost income, officials are stripping electric cars of special status, sparking fierce debate and concern that the country could jeopardize its goal of selling no new cars with combustion engines by 2025. The toll charge exemption was first to go in 2017. Now, Norway’s center-left coalition government is considering removing a much broader list of incentives as part of ongoing budget negotiations.
There is widespread uncertainty about which taxes will be reintroduced. But the country’s car associations and environmental groups believe the four most likely to make a comeback are taxes for plug-in hybrids, a tax for second-hand EV sales, a tax for “luxury EVs” that cost more than 600,000 Norwegian krone ($68,650), and the resurrection of an annual ownership tax for EVs.
What energy source does Norway use to generate electricity? Maybe they could tax that.
Over 90% is produced from Hydropower. I want to know what the average driving miles per week is there.
In the first half of 2022, US EV market share is 5.3%.
Drivers in Norway average 7,636 miles per year which works out to 29 miles per day. Americans average 15,000 miles a year which works out to 57 miles a day.
EV is a good choice for Norway.
Abundant cheap electricity.
Not a lot of long range driving.
Used to being in the cold.
Makes perfect sense for them.
Not for everyone, but for them, a reasonable choice.
A smaller country.
Anyone know hos many dollars they take in here a day on gas tax? Bet it’s billions. How will they replace that tax? Road tax?
Comparing Norway to United States is comparing Water Melons with lemons. Yeah both are round. But their are differences.
They will tax your guns in house to make up the difference.
Norway is slightly larger than the state of New Mexico.
https://www.nationsencyclopedia.com/Europe/Norway-LOCATION-SIZE-AND-EXTENT.html
A straight mileage tax. They have been pushing it for a while now.
“What energy source does Norway use to generate electricity? Maybe they could tax that.”
Hydro Power, they have a lot.
And? The point of my post was that EVs are right for Norway but not for the USA!
Norway is a land of mountains and fjords. This creates a huge supply of water running down off the mountains into the fjords. The water has been captured and used to generate most of Norway's electricity. That's why it's so cheap, and that's why there are so many electric cars there. Norway is currently the only place in the world where the energy to create its power is free and creates little CO2. Norway therefore can sell its offshore oil to the rest of the world and has little need for it at home.
Comparing New Mexico to Norway...
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