Norway are planning on banning the sale of all fossil fuel-based cars with the aim of having 100% of their cars running on green energy by 2025, according to newspaper.
Continuing its desire to become one of the most ecologically progressive countries on the planet, politicians from both sides of the political spectrum have reportedly reached some concrete conclusions about the switch to completely rely on green energy.
The policy, while designed to help combat climate change and usher in a future of emissions free vehicles, is a gigantic boost to the company Telsa, one that is most closely associated with electric vehicles.
According to CNBC, an American business news platform, only approximately 150,000 new vehicles are sold in Norway each year, which means that it wouldn't be too difficult for the majority of new vehicles to be electrified in some way.
According to Dagens Naeringsliv, a Norwegian newspaper, "FRP will remove all gasoline cars", making reference to the populist right-wing Framstegspartiet, or Progress Party in their headline.
However other right-wing representatives have denied that the move has been confirmed.
Elon Musk, CEO of Tesla, tweeted: "Just heard that Norway will ban new sales of fuel cars in 2025. What an amazingly awesome country. You guys rock!!"
The electric vehicle movement is already strong in Norway thanks to a slew of government incentives such as reduced taxes and the ability to drive in bus-only lanes. There is also a strong contingent of electric car advocates, which may have influenced politicians.
Øyvind Korsberg, an MP for the progress Party, explained how far-reaching the consequences of the new plan could be, saying: "After 2025 new private cars, buses, and light commercial vehicles will be zero-emission vehicles. By 2030, new heavier vans, 75% of new long-distance buses, 50% of new trucks will be zero emission vehicles".
Korsberg was referring to the targets stated in a government proposal on the energy policy mapped by Norway's Petroleum and Energy Ministry in April.
Assuming that the plan goes through, Telsa could gain a 25% market share, which would equate to roughly 37,500 vehicles per year in Norway.
Compared to Ford or GM, which sell millions of vehicles, Telsa are not much of a comparison. However, it's significant against Telsa's current project sales for the year and its expected sales in the next five years.