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Blog - Latest News
Norway Auto

Norway Auto: How it Became the Global EV Leader

May 31, 2019/in In the News/by Gray Leigh

How Norway Auto Laps the Clean Energy Field

Per Capita, ‘the land of the midnight sun’ has more electric cars than anywhere else. Indeed, it wasn’t always like this. After all, Norway’s primary export is oil. Regardless, the story of how Norway auto leads the global clean energy push contains surprises.

READ: EVs Outsell Gas-Powered Cars in Norway

Most would suggest the country is full of eco-conscious pioneers. Similarly, even more would suggest the Scandinavian nation buys electric for the sake of future generations.

Instead, the reasoning is much more grounded. After all, there are greater purchase incentives than the wellbeing of future generations. Albeit, regrettably so.

A Powerful Incentive

Norway AutoGranted, the Norwegian government is understandably motivated by this altruistic goal. It’s priced the oil it produces out of its own market. Indeed, Norwegian oil is prohibitively expensive for Norwegians to use.

Evidently, its citizens aren’t motivated by the environment when buying a Tesla. Instead, they think of the almighty dollar.

The Norwegian government has introduced a tax scheme that pushes consumers towards electric cars. Ultimately, this explains how Norway achieved such impressive EV adoption rates. Going green keeps consumers in the green.

A Model to Learn From

Norway AutoNorway’s success hinges on a combination of shrewd government policy and buy-in among automakers. Consequently, automakers love doing business in Scandinavia.

After all, most of the largest producers have announced ambitious EV plans. Almost every industry player – from Volkswagen to General Motors – has gone green. Moreover, the former suggests that failing to do so spells financial ruin.

Norway’s market success offers a model for other governments to follow. Granted, the country’s small population and substantial GDP is a privilege.

Nevertheless, its success will provide valuable insights to larger markets. India and China, take notice.

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2019 Electric Cars To Get Excited About

EU Emissions Policy Benefits Electric Vehicles & Lithium Batteries

Ultra Lithium Inc. A team of lithium experts with a finger on the pulse of clean energy news, Ultra Lithium is a lithium exploration company with holdings in Argentina, Canada and the US (TSX-V: ULI, OTCQB: ULTXF and Frankfurt: QFB).

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LATEST NEWS

  • Ultra Lithium Cuts 1.81 Percent Lithium Oxide Over 10 Meters in Channel Samples at the Forgan Lake Lithium Property Northwestern OntarioMarch 3, 2023 - 10:16 am
  • Ultra Lithium Invites Shareholders and Investment Community to Visit Booth #2353 at PDAC 2023 Toronto, March 5-8, 2023March 2, 2023 - 6:00 am
  • Ultra Lithium Assays Up To 417 PPM Lithium in Drill Hole at the Laguna Verde Brine Lithium Project in ArgentinaFebruary 28, 2023 - 4:30 am
  • Ultra Lithium Intersects 2.68 Percent Lithium Oxide at The Forgan Lake Lithium Property in Northern Ontario, CanadaFebruary 8, 2023 - 5:00 am
  • Ultra Lithium Responds to Government of Canada Critical Minerals AnnouncementNovember 4, 2022 - 4:30 am

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Ultra Resources Inc.
1120 – 789 West Pender St.
Vancouver BC V6C 1H2
Canada

Kiki Smith, CPA, CGA
Chief Financial Officer
E: [email address protected by javascript]
T: +1-778-968-1176

Afzaal Pirzada, M.Sc.(Geo), P.Geo.
Vice President, Exploration
E: [email address protected by javascript]
T: +1-778-558-4940

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