Tesla “owns” the Norwegian automotive market with 20% share

Despite ongoing labor union disputes, Tesla has once again topped Norway's car sales for the third consecutive year. The company's market share has increased to 20%, while electric vehicles account for a staggering 82.4% of new car sales in the country.

Unions in Sweden and other Nordic countries have taken a stand against Tesla, refusing to honor labor contracts. This has led to a blockade of Tesla cars entering Sweden, and has also fueled support for the boycott from unions in Norway, Denmark, and Finland.

Despite these challenges, Tesla has continued to dominate the Norwegian market, driven by the growing popularity of electric vehicles. Norway is aiming to become the first country to ban the sale of petrol and diesel cars by 2025, and the exemption of electric vehicles from taxes has further boosted their appeal.

In the final three months of 2023, Tesla reported record quarterly sales, but it was not enough to retain its position as the world's largest maker of electric vehicles. The company's quarterly sales were surpassed by BYD, a Chinese automaker that has been rapidly expanding its EV production capacity.

On January 24th, Tesla is expected to release its financial results for 2023, as it faces increasing competition from rivals like BYD and Volkswagen.

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