MUHAMMAD HARIS’ Post

In 2022, wind power contributed approximately 10% of Norway's electricity production. The Norwegian government has set a goal to develop 30 GW of offshore wind capacity by 2040.🎈

Norway is rapidly shifting from petrol-powered vehicles to electric ones, becoming a model for the future of sustainable transportation. According to Bloomberg reports that Norway is on track to be the first country where the sale of petrol cars could be entirely phased out. According to Yngve Slyngstad, former head of Norway's sovereign wealth fund, the country's cold climate, mountainous terrain, and long drives were once obstacles for electric vehicles, yet Norway has overcome these challenges. By October 2024, 94% of vehicles sold in Norway were electric. This shift is driven by consistent government policies aimed at reducing emissions, with significant incentives for electric cars. #ElectricVehicles #Norway #SustainableTransport #GreenEnergy #ElectricCarRevolution

Norway is rapidly shifting from petrol-powered vehicles to electric ones, becoming a model for the future of sustainable transportation. According to Bloomberg reports that Norway is on track to be the first country where the sale of petrol cars could be entirely phased out. According to Yngve Slyngstad, former head of Norway's sovereign wealth fund, the country's cold climate, mountainous terrain, and long drives were once obstacles for electric vehicles, yet Norway has overcome these challenges. By October 2024, 94% of vehicles sold in Norway were electric. This shift is driven by consistent government policies aimed at reducing emissions, with significant incentives for electric cars. #ElectricVehicles #Norway #SustainableTransport #GreenEnergy #ElectricCarRevolution

Norway is rapidly shifting from petrol-powered vehicles to electric ones, becoming a model for the future of sustainable transportation. According to Bloomberg reports that Norway is on track to be the first country where the sale of petrol cars could be entirely phased out. According to Yngve Slyngstad, former head of Norway's sovereign wealth fund, the country's cold climate, mountainous terrain, and long drives were once obstacles for electric vehicles, yet Norway has overcome these challenges. By October 2024, 94% of vehicles sold in Norway were electric. This shift is driven by consistent government policies aimed at reducing emissions, with significant incentives for electric cars. #ElectricVehicles #Norway #SustainableTransport #GreenEnergy #ElectricCarRevolution

It’s impressive how Norway is leading the charge in transitioning to electric vehicles (EVs). This shift highlights how government policies, such as subsidies, tax breaks, and investments in EV infrastructure, can overcome challenges like harsh climates and mountainous terrain. The rapid adoption of EVs in Norway is a testament to their commitment to reducing carbon emissions and creating a sustainable future. This model could inspire other nations, including Pakistan, to adopt similar measures, given the global need to address climate change. However, it would require significant infrastructure development and policy support to replicate Norway's success.

Norway is quickly moving from petrol cars to electric ones, setting a new standard for sustainable transportation. Bloomberg reports that Norway is on track to be the first country to completely phase out petrol car sales. Yngve Slyngstad, the former head of Norway's sovereign wealth fund, mentioned that the country's cold climate, mountainous terrain, and long drives were once barriers for electric vehicles. However, Norway has successfully tackled these challenges. As of October 2024, 94% of vehicles sold in Norway were electric, thanks to strong government policies and incentives aimed at reducing emissions. #ElectricVehicles #Norway #SustainableTransport #GreenEnergy #ElectricCarRevolution

I find it ironic... Norway 🇳🇴 which has huge oil and gas reserves that it uses to fund its sovereign wealth fund, is on track to become the first country in the world to switch fully to electric cars. In August 2024, 94.3% of newly registered vehicles there were electric, helped by substantial tax incentives and lower electricity costs compared to EU countries. The country aims to reach the 100% zero-emission car threshold for new registrations this year. The speed with which Norway is registering electric cars has led to a historic moment: there are already more electric cars on Norwegian roads than those running on gasoline. Of the 2.8 million registered passenger cars, 754'303 are electric, surpassing the 753'905 petrol cars. Diesel power remains the most widespread. What does this mean for you? Whether you're an investor, work in the automotive industry or are just interested in sustainability issues, the key conclusion is that a switch to electric seems inevitable. Are you ready for it? Is your portfolio ready for it? Is your business ready? Your country? What is your biggest challenge (or hope) arising from the transition to EVs?

Norway is quickly moving from petrol cars to electric ones, setting a new standard for sustainable transportation. Bloomberg reports that Norway is on track to be the first country to completely phase out petrol car sales. Yngve Slyngstad, the former head of Norway's sovereign wealth fund, mentioned that the country's cold climate, mountainous terrain, and long drives were once barriers for electric vehicles. However, Norway has successfully tackled these challenges. As of October 2024, 94% of vehicles sold in Norway were electric, thanks to strong government policies and incentives aimed at reducing emissions. #ElectricVehicles #Norway #SustainableTransport