Norway just hit a record in its move to phase out cars that rely on fossil fuels; more than 9 in 10 new cars sold there in September were either electric or rechargeable hybrids. Of all new passenger cars sold so far in 2021, less than 5% were gas-powered. A slightly smaller percentage use diesel. The sales numbers push Norway closer to meeting its national goal of transitioning to an entirely zero-emission fleet of new cars by 2025. The country has long encouraged people to adopt electric vehicles. Electric cars are exempt from the 25% value-added tax. They are also exempt from environmental pollution taxes that buyers of gas and diesel vehicles must pay.

Read Full Story