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Does anyone know what's behind this? Is it that people don't buy a lot of cars in Norway? Average income is significantly higher? Different income profile of c

by taralx 13y ago

Does anyone know what's behind this? Is it that people don't buy a lot of cars in Norway? Average income is significantly higher? Different income profile of car buyers specifically? Some kind of social effect, like prestige?

cremnob 13y ago
High taxes on gas fueled cars make Tesla afordable.
- cstrat 13y ago
  "because of the punitive taxes Norway’s government levies on cars with big, gas-guzzling engines" I guess people wanting a fast modern car would have to pay out their nose for one if its fossil fuel powered.
glesica 13y ago
Yes, Norway is very, very wealthy. This is a fairly recent development... https://duckduckgo.com/?q=norway+wealthy https://duckduckgo.com/?q=norway+wealthy
- frewsxcv 13y ago
  I don't think it's that recent, I feel like they've been pretty 'wealthy' for a while. Interestingly, NOK-EUR YTD hasn't been that great http://ur1.ca/fuyz4 http://ur1.ca/fuyz4
  - dagw 13y ago
    Recent as in only a generation or so. It the 60s and 70s it was far behind much of Europe and the US.
    - zerr 13y ago
      Yup, it begun when oil was discovered in Norway. So oil + good location (Europe) == success :)
      - brazzy 13y ago
        More specifically: oil + ability and political willingness to exploit it yourself and share the profits among all citizens. As opposed to selling exploitation rights to investors to enrich a kleptocracy.
        zerr 13y ago
        I have an impression that they're are saving oil/profits for some possible "black day" in the future. And, the "profits" which are shared among all citizens come from high taxes. I might be [partially] wrong though.
        brazzy 13y ago
        Well, a large part of the oil revenues are put into an investment fund because the oil isn't going to last forever. Profits of that fund go into the public budget, though. According to Wikipedia, there are discussions about how much of the oil revenues should be saved; opponents of using more of them directly say that it would just lead to inflation. https://en.wikipedia.org/wiki/The_Government_Pension_Fund_of_Norway https://en.wikipedia.org/wiki/The_Government_Pension_Fund_of...
        daivd 13y ago
        No, you are correct. The oil money is hardly spent at all. It is invested for future security.
dagw 13y ago
Due to the tax structure on electric vs gas cars in Norway, a similar performing gasoline powered car would cost you at least twice and probably more. For comparison $110000 will just about get you a middle of the line BMW 5 series, and something like entry level BMW M3 coupe will easily set you back in excess of $200000. And that's before you take into consideration the annual savings due to high gas prices in Norway and no road tax on electric cars.

by taralx 13y ago

cremnob 13y ago

High taxes on gas fueled cars make Tesla afordable.

cstrat 13y ago
"because of the punitive taxes Norway’s government levies on cars with big, gas-guzzling engines" I guess people wanting a fast modern car would have to pay out their nose for one if its fossil fuel powered.

glesica 13y ago

Yes, Norway is very, very wealthy. This is a fairly recent development... https://duckduckgo.com/?q=norway+wealthy https://duckduckgo.com/?q=norway+wealthy

frewsxcv 13y ago
I don't think it's that recent, I feel like they've been pretty 'wealthy' for a while. Interestingly, NOK-EUR YTD hasn't been that great http://ur1.ca/fuyz4 http://ur1.ca/fuyz4
- dagw 13y ago
  Recent as in only a generation or so. It the 60s and 70s it was far behind much of Europe and the US.
  - zerr 13y ago
    Yup, it begun when oil was discovered in Norway. So oil + good location (Europe) == success :)
    - brazzy 13y ago
      More specifically: oil + ability and political willingness to exploit it yourself and share the profits among all citizens. As opposed to selling exploitation rights to investors to enrich a kleptocracy.
      - zerr 13y ago
        I have an impression that they're are saving oil/profits for some possible "black day" in the future. And, the "profits" which are shared among all citizens come from high taxes. I might be [partially] wrong though.
        brazzy 13y ago
        Well, a large part of the oil revenues are put into an investment fund because the oil isn't going to last forever. Profits of that fund go into the public budget, though. According to Wikipedia, there are discussions about how much of the oil revenues should be saved; opponents of using more of them directly say that it would just lead to inflation. https://en.wikipedia.org/wiki/The_Government_Pension_Fund_of_Norway https://en.wikipedia.org/wiki/The_Government_Pension_Fund_of...
        daivd 13y ago
        No, you are correct. The oil money is hardly spent at all. It is invested for future security.

dagw 13y ago

Due to the tax structure on electric vs gas cars in Norway, a similar performing gasoline powered car would cost you at least twice and probably more. For comparison $110000 will just about get you a middle of the line BMW 5 series, and something like entry level BMW M3 coupe will easily set you back in excess of $200000. And that's before you take into consideration the annual savings due to high gas prices in Norway and no road tax on electric cars.