Latest news with #NorwegianRoadFederation
Local Norway
4 days ago
- Automotive
- Local Norway
Tesla bucks trend in Norway with rising sales
Norwegians have flocked back to the US brand as it offered zero-interest loans and a new Model Y, the best-selling car in the country for three months running. Norway is the country with the highest proportion of election vehicles (EV), making up 93.9 percent of new car registrations in May, according to the Norwegian Road Federation (OFV). EVs made up 92.7 percent of new car registrations in the first five months of the year. Tesla regained the title of leading car brand in the Scandinavian country in May, tripling its sales and accounting for 18.2 percent of new cars sold. For the first five months of the year, Tesla sales increased by 8.3 percent -- lower than the overall new car market which grew by 30.6 percent. Advertisement Over that period, Tesla had a market share of 12.9 percent, second to German auto giant Volkswagen. Tesla sales fell by half in the European Union in April, according to the European Automobile Manufacturers' Association (ACEA). The company's EU market share dropped to 1.1 percent amid growing competition from Chinese rivals and consumers protesting Musk's politics and ties to US President Donald Trump. "Looking at Tesla sales in Norway in May and for the year so far, we stand out from the rest of Europe, where sales of this brand have seen a noticeable decline," OFV director Øyvind Solberg Thorsen said in a statement. Jonathan Parr, an analyst at used-car dealer Rebil, told broadcaster TV2 that "ultimately, it's the price that Norwegian motorists care about most." "Norwegians don't like Musk but feel no shame owning a Tesla," Parr explained. In recent months, Norwegian media have nonetheless reported several stories of Tesla owners deciding to part ways with their cars or refrain from buying another Tesla. Norway, the largest oil producer in Western Europe, has adopted a goal that this year all new cars should be zero-emission vehicles.
France 24
4 days ago
- Automotive
- France 24
As Tesla stalls across Europe, sales rise in Norway
Norwegians have flocked back to the US brand as it offered zero-interest loans and a new Model Y, the best-selling car in the country for three months running. Norway is the country with the highest proportion of election vehicles (EV), making up 93.9 percent of new car registrations in May, according to the Norwegian Road Federation (OFV). EVs made up 92.7 percent of new car registrations in the first five months of the year. Tesla regained the title of leading car brand in the Scandinavian country in May, tripling its sales and accounting for 18.2 percent of new cars sold. For the first five months of the year, Tesla sales increased by 8.3 percent -- lower than the overall new car market which grew by 30.6 percent. Over that period, Tesla had a market share of 12.9 percent, second to German auto giant Volkswagen. Tesla sales fell by half in the European Union in April, according to the European Automobile Manufacturers' Association (ACEA). The company's EU market share dropped to 1.1 percent amid growing competition from Chinese rivals and consumers protesting Musk's politics and ties to US President Donald Trump. "Looking at Tesla sales in Norway in May and for the year so far, we stand out from the rest of Europe, where sales of this brand have seen a noticeable decline," OFV director Oyvind Solberg Thorsen said in a statement. Jonathan Parr, an analyst at used-car dealer Rebil, told broadcaster TV2 that "ultimately, it's the price that Norwegian motorists care about most." "Norwegians don't like Musk but feel no shame owning a Tesla," Parr explained. In recent months, Norwegian media have nonetheless reported several stories of Tesla owners deciding to part ways with their cars or refrain from buying another Tesla. Norway, the largest oil producer in Western Europe, has adopted a goal that this year all new cars should be zero-emission vehicles.
Yahoo
5 days ago
- Automotive
- Yahoo
Tesla sales in Norway soar 213% in May, driven by Model Y demand
-- Tesla (NASDAQ:TSLA)'s new car sales in Norway surged by 213% in May compared to the same month last year, reaching 2,600 vehicles, as per registration data released on Monday. The increase was driven by strong demand for the updated Model Y compact SUV, which has been the country's top-selling car for the past three years. For the first five months of 2025, Tesla's cumulative sales in Norway rose by 8.3% compared to the same period in 2024. Fully electric vehicles accounted for nine out of ten new car sales in Norway last year, and the share so far this year stands at 92.7%, according to the Norwegian Road Federation, putting the country close to its target of eliminating sales of petrol and diesel cars. Amid a broader decline in European sales linked in part to chief executive Elon Musk's association with far-right politics, Tesla is offering zero-interest financing in Norway and several other markets for customers who take delivery of a new Model Y before the end of June. Related articles Tesla sales in Norway soar 213% in May, driven by Model Y demand Chip stocks slide on Trump plan to expand China tech restrictions Analysts assess the potential impact of Trump's surprise 50% steel tariffs Sign in to access your portfolio
Yahoo
5 days ago
- Automotive
- Yahoo
Tesla's sale in Norway rises 213% year-on-year in May
OSLO (Reuters) -Tesla's sale of new cars in Norway rose by 213% in May from a year ago to 2,600 vehicles, registration data showed on Monday, boosted by a revamped Model Y compact SUV, the country's best-selling automobile in each of the last three years. Year-to-date sales rose by 8.3% from the first five months of 2024. Nine out of ten new cars sold in Norway last year were fully electric vehicles, and the EV share of sales year-to-date stands at 92.7%, the Norwegian Road Federation said, bringing it close to a goal of phasing out diesel and petrol automobiles. Tesla, which has seen declining sales in Europe this year amid CEO Elon Musk's embrace of far-right politics, offers zero-interest loans in Norway and several other countries to buyers who take delivery of a new Model Y by the end of June. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
RTÉ News
02-05-2025
- Automotive
- RTÉ News
Tesla's sales in key European markets plunge in April
Tesla sales in some European markets fell sharply in April, in an acceleration of a trend seen since the beginning of the year for Elon Musk's EV brand, as Europeans buy more Chinese cars and some protest against his political views. Tesla's new car sales in April fell by 80.7% in Sweden, national data showed today, a day after Denmark recorded a 67.2% drop in Tesla sales and France reported a 59.4% fall, its fourth month of sales contraction in a row. In Sweden, this was the lowest figure since October 2022, when 43 new Teslas were registered, data from Mobility Sweden showed. The group's European sales dropped 28.2% in March as it faces a number of challenges in the continent. Tesla is facing increased competition from traditional automaker rivals, whil enew Chinese entrants are launching new and often cheaper EVs. Musk's embrace of far-right politics in Europe has also led to protests against the billionaire CEO and the company, as well as vandalism at its showrooms and charging stations across the US and Europe. However, Tesla's sale of new cars in Norway rose by 11.8% in April from the same month a year ago to 976 vehicles, registration data from the Norwegian Road Federation showed today.
