Saturday, October 18, 2014

Norway loves Tesla (and oil)

Freakonomics » How Can Tiny Norway Afford to Buy So Many Teslas? @ Freakonomics Radio Podcast

"Until recently, tiny Norway (population 5 million) has been the second largest market for Teslas (after the U.S.). Earlier this year, Tesla’s Model S became the best-selling car in the country ever for a one-month period. Not bad for a luxury electric vehicle whose base price in Norway is over $100,000."
(Photo: Tesla Motors)
"By most measures, Norway is among the greenest countries on Earth. It gets virtually all of its electricity from hydropower; it plans to cut its greenhouse emissions by 30% by 2020; and it has more electric vehicles per capita than any country in the world. But Norway is also the biggest oil producer in Western Europe and the world’s third-largest exporter of natural gas. All that petroleum money allows Norway to subsidize its green lifestyle; it has also helped create what is now the largest sovereign wealth fund in the world, soon projected to top $1 trillion."

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