In Norway, Toyota Motor Corp. is going from one electric-powered model to five to better compete with Tesla Inc., fuel stations are ripping out pumps to make space for chargers, and even nursing homes in the rural interior have switched to battery-powered cars despite months of arctic cold.
All are signs of the dramatic shift that has put the Nordic country on the cusp of becoming the first market in the world to all but eliminate sales of new combustion-powered cars.
It’s a transition that happened with remarkable speed. While there have long been incentives to encourage EV purchases — mainly to promote short-lived domestic upstarts — adoption only started to accelerate in recent years, as a greater variety of cars became available. Once an inflection point was reached, the ramp-up was rapid.
Source: www.bloomberg.com
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