“Norway has risen to become an EV powerhouse, also thanks to “generous financial incentives,” which have been partly funded by the Government Pension Fund Global, the world’s largest sovereign wealth fund that has amassed its wealth from sales of oil and gas, UBS noted.”
This is false. The largest incentives are lower tax, and smaller incentices are things like lower road tolls and ferry prices and access to drive in the bus lane .
None of these cost any money. At worst, they give lower income to the government.
According to official statistics, sale of fuel for cars and other road-going vehicles was down by 18,4% from March 2023 to March 2024.
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“Norway has risen to become an EV powerhouse, also thanks to “generous financial incentives,” which have been partly funded by the Government Pension Fund Global, the world’s largest sovereign wealth fund that has amassed its wealth from sales of oil and gas, UBS noted.”
This is false. The largest incentives are lower tax, and smaller incentices are things like lower road tolls and ferry prices and access to drive in the bus lane .
None of these cost any money. At worst, they give lower income to the government.
According to official statistics, sale of fuel for cars and other road-going vehicles was down by 18,4% from March 2023 to March 2024.