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Reuters: From California to Oslo: foreign subsidies fuel Norway’s e-car boom, for now


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Reuters: From California to Oslo: foreign subsidies fuel Norway’s e-car boom, for now

Business

Category: Automobile / Transport

On the outskirts of Oslo, a row of Fiat 500es imported from California stand parked in the snow outside the Buddy Electric dealership, part of a global flow of pre-owned electric cars to Norway powered by green subsidies elsewhere in the world.

The company’s production manager, Tor Einar Hanssen, said it had sold about 110 in the past year and a half, making a small profit on the cars, most of which had been used for a few years by U.S. leasing companies.

“They’re surprisingly good in cold weather,” he said.

A gleaming blue Fiat 500e is on sale for 129,000 Norwegian crowns ($15,000) with 24,000 km (15,000 miles) on the clock. It costs about 20,000 crowns($2,300) to import and adapt each Fiat, Hanssen said.

On U.S. used car websites, similar Fiats in California are advertised for about $10,000.

Read entire article HERE.

Source: Reuters

Published: May 20, 2024