Electric vehicle push in Norway could add $1.3 billion to power bills by 2040: study

Tallbloke's Talkshop

Teslas in Norway [image credit: Norsk Elbilforening (Norwegian Electric Vehicle Association)]
Norway is one of the world’s largest exporters of oil, also of natural gas. Loss of revenue from fuel taxes seems not to be a problem for them, but high demand by car users for electricity at certain times of the day could be. Are other countries ready for such issues?

OSLO (Reuters) – Norway’s power grid is likely to need an 11 billion crown ($1.27 billion) upgrade over the next 20 years to meet demand from the country’s growing fleet of electric cars, with consumers likely to have to foot the bill, a study has shown.

Electric car (EV) sales in Norway reached a record-high in March, with almost 60% of new cars sold fully electric, a result of state policy to exclude such vehicles from certain taxes and offer free or cheaper road tolls…

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