Oil industry is finally starting to be affected by Norway’s rapid electric car adoption

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Oil industry is finally starting to be affected by Norway’s rapid electric car adoption

The Norweigan government released its final 2017 figures for Sales of Petroleum Products and for the first time since at least 2014, Norway’s consumption of gasoline and diesel declined across the board.

It’s the first time that demand for petroleum products used in cars has fallen since the EV revolution has started to pick up steam in Norway. Some experts see this as the first sign of the growing EV fleet starting to have an impact on the oil industry.

Norway’s electric vehicle adoption rate is so far ahead of most countries that it gives us glimpses into the future of bigger markets.

Find out more in our post, What can the UK learn from Norway’s eco-friendly car boom?

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