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Why does Norway lead the world in electric vehicle adoption? It's economics 101

I thought Norway led the world in electric vehicle adoption because of ecological reasons. Since it has the second largest coastline in the world, Norwegians might have been feeling the pinch of rising sea levels. Or maybe it was the progressive policies of a country made rich by oil exports. Turns out it is far simpler. “This is how people react to taxes in capitalism all over the world,"said economist Lasse Fridstrom. "If you make the product very expensive, fewer people will buy it. It’s elementary.”

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EVs charge up in Norway's Telemarksporten
Image provided by Norwegian EV Association


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