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Stock impact report

In Tesla-Crazy Norway, the Electric Vehicle Revolution Is Already Here [Fortune]

Tesla, Inc. (TSLA) 
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
Company Research Source: Fortune
Pinterest Until he moved to Norway, Michael Arup had never owned a car. In the first half of this year, electric vehicles made up 55% of personal vehicle sales in Norway, up from 6% in 2013, according to Rystad, an energy consultancy based in Oslo. That shift is largely due to a powerful mix of tax breaks and incentives to encourage Norwegians to go electric. The death of diesel? Those stats cap a dramatic transformation over the last six years. In the period, sales of diesel cars have dropped by 95%, the consultancy says, and the share of diesel vehicles in use has sunk to just 32%, almost half what it was in 2013. The share of gasoline-burning cars has dropped to 17%, down from 29%, according to Rystad. Norwegian statistics agency There are downsides to a Tesla in Norway, admits Arup—in the winter, the range is about half what it is in the summer, he says. Skiing trips require slightly more preparation than if he used a fuel-burning car. An oil exporter pushes to go green Super-fast Show less Read more
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