Norway’s world-leading efforts to transition from petrol and diesel-powered cars to battery electric vehicles (BEVs) could serve as a lesson to the U.S. While electric vehicles made up just 10% of total vehicle sales in the U.S. last year, data from the Norwegian Road Federation shows that nearly 90% of 2024 vehicle sales in Norway were electric. The Scandinavian country has made significant strides in adopting electric cars and is much closer to achieving its electrification targets than the U.S.
If EV uptake starts accelerating in the U.S. to the levels seen in Norway, companies like SolarBank Corp. (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) could see themselves growing their…
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