AIRLINK 197.80 Decreased By ▼ -0.17 (-0.09%)
BOP 9.94 Decreased By ▼ -0.10 (-1%)
CNERGY 7.25 Decreased By ▼ -0.04 (-0.55%)
FCCL 36.80 Increased By ▲ 0.80 (2.22%)
FFL 16.75 Decreased By ▼ -0.16 (-0.95%)
FLYNG 26.29 Increased By ▲ 1.25 (4.99%)
HUBC 135.00 Increased By ▲ 0.97 (0.72%)
HUMNL 14.04 Decreased By ▼ -0.10 (-0.71%)
KEL 4.75 Decreased By ▼ -0.03 (-0.63%)
KOSM 6.82 Decreased By ▼ -0.12 (-1.73%)
MLCF 45.65 Increased By ▲ 0.67 (1.49%)
OGDC 216.90 Decreased By ▼ -1.33 (-0.61%)
PACE 6.95 Increased By ▲ 0.01 (0.14%)
PAEL 40.87 Decreased By ▼ -0.55 (-1.33%)
PIAHCLA 17.03 Increased By ▲ 0.17 (1.01%)
PIBTL 8.37 Decreased By ▼ -0.09 (-1.06%)
POWER 9.34 Decreased By ▼ -0.05 (-0.53%)
PPL 184.70 Decreased By ▼ -1.23 (-0.66%)
PRL 41.25 Decreased By ▼ -0.02 (-0.05%)
PTC 24.89 Increased By ▲ 0.12 (0.48%)
SEARL 103.90 Decreased By ▼ -0.75 (-0.72%)
SILK 1.02 Increased By ▲ 0.01 (0.99%)
SSGC 40.60 Decreased By ▼ -0.31 (-0.76%)
SYM 17.84 Decreased By ▼ -0.21 (-1.16%)
TELE 8.74 Decreased By ▼ -0.17 (-1.91%)
TPLP 12.65 Decreased By ▼ -0.19 (-1.48%)
TRG 66.31 Decreased By ▼ -0.29 (-0.44%)
WAVESAPP 11.27 Decreased By ▼ -0.03 (-0.27%)
WTL 1.75 Decreased By ▼ -0.03 (-1.69%)
YOUW 4.00 No Change ▼ 0.00 (0%)
BR100 12,098 Decreased By -10.9 (-0.09%)
BR30 36,576 Decreased By -22.1 (-0.06%)
KSE100 114,712 Decreased By -330.3 (-0.29%)
KSE30 36,076 Decreased By -123.9 (-0.34%)
Business & Finance

Ford's electric Mustang tops Norway car sales in May

  • Battery electric vehicles made up 60.4% of all new cars sold in Norway last month, the Norwegian Road Federation (OFV) said, up from 43.1% a year ago as the country seeks to become the first to end the sale of petrol and diesel engines by 2025.
Published June 1, 2021

OSLO: Ford Motor Co's electric Mustang Mach-E topped Norway's car sales in May, the first full month of registrations for the crossover vehicle in the small but influential Nordic market, national data showed on Tuesday.

Battery electric vehicles made up 60.4% of all new cars sold in Norway last month, the Norwegian Road Federation (OFV) said, up from 43.1% a year ago as the country seeks to become the first to end the sale of petrol and diesel engines by 2025.

By exempting fully electric vehicles from taxes imposed on internal combustion engines, Norway has turned its car market into a testing ground for automakers seeking a path to a future without fossil fuels.

A total of 1,384 electric Ford Mustangs were registered in May for a 10% share of Norway's overall car market, ahead of Toyota's RAV4 hybrid vehicle and Skoda's electric Enyaq. Tesla Inc's Model 3 took sixth place.

"Our realistic goal is to remain prominent in the sales statistics for several months to come," Chief Executive Per Gunnar Berg of Ford Motor Norway said in a statement.

In 2020, electric cars grabbed a 54% share of the overall Norwegian market, outselling the combined volume of petrol, diesel and hybrid engines for the first time on a full-year basis.

By contrast, cars with diesel-only engines have tumbled from a peak of 75.7% of the Norwegian market in 2011 to just 8.6% last year.

The introduction of new models will frequently give a brand a boost as pre-orders are shipped in large numbers, such as the 2019 launch of Tesla's Model 3, the top selling car in Norway that year.

Ford first presented its Mustang Mach-E to the public in late 2019, giving the US automaker well over a year to build a backlog of orders before customers could receive them.

Ford earlier this year said its car line-up in Europe will be all-electric by 2030.

Comments

Comments are closed.