“Oil industry is finally starting to be affected by Norway’s rapid electric car adoption”

"Norway’s electric vehicle adoption rate is so far ahead of most countries that it gives us glimpses into the future of bigger markets – sometimes even decades ahead of time. Now it is starting to show signs of demand for gasoline and diesel slowing down as electric vehicles are taking over. In Norway, the market share of electric vehicles has hit over 50% of new cars over the last year, which is higher than in any other country."


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