The Electric Revolution Gains Momentum. New Data Impresses
In September, the pace of new car registrations in Nordic countries accelerated significantly, with strong growth in Finland, Denmark, and Norway. Sweden recorded the only decline in the region. Norway set a new record for the share of electric cars.
Norway is close to completely eliminating diesel and petrol cars among those choosing new passenger vehicles.
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In Finland, the number of first registrations of new passenger cars increased by over 30 percent year-on-year, in Denmark by almost 14 percent, and in Norway by more than 10 percent. In Sweden, it dropped by over 2.0 percent.
Norway achieved a historic result – 98.3 percent share of electric cars in new registrations. The average for the first nine months of 2025 is 95 percent. The Road Traffic Information Council (OFV) indicates that sales of petrol and diesel cars are close to disappearing, and the key challenge remains accelerating electrification in the van and truck segments.
Norway achieved a historic result – 98.3 percent share of electric cars in new registrations. The average for the first nine months of 2025 is 95 percent. The Road Traffic Information Council (OFV) indicates that sales of petrol and diesel cars are close to disappearing, and the key challenge remains accelerating electrification in the van and truck segments.
Norwegian Regulations and Budget Plans
On October 15, the Norwegian government will present the 2026 budget proposal. The focus is on maintaining the VAT threshold for electric cars at 500,000 NOK in 2026. The OFV signals uncertainty regarding potential tax changes that could negatively impact the new car market. It emphasizes the importance of continuous incentives to avoid a market slowdown, as happened in Sweden.
In Denmark, automotive industry representatives expect swift decisions regarding incentives for purchasing electric cars. They point out that making EVs a permanently attractive choice is crucial for maintaining record market shares. According to Danish organizations, a lack of strong incentives could slow down the number of electric vehicle registrations, which would contradict climate goals.
In Denmark, automotive industry representatives expect swift decisions regarding incentives for purchasing electric cars. They point out that making EVs a permanently attractive choice is crucial for maintaining record market shares. According to Danish organizations, a lack of strong incentives could slow down the number of electric vehicle registrations, which would contradict climate goals.
Norway's goal for 2025 is to achieve 100 percent sales of new electric cars.Photo: Norwegian Electric Vehicle Association
Planned budget decisions in Norway and expected fiscal resolutions in Denmark will set the course for maintaining high shares of electric cars in the coming weeks. Meanwhile, in Sweden, it appears that the initial purchasing boom for electric vehicles has passed.
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