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Norway’s full-year EV sales are in, and once again the country has broken its own record for EV adoption. In 2024, 88.9% of cars sold in Norway were all-electric, up from 82.4% in 2023.

The main holdout? Rental car companies, who service tourists who aren’t familiar with EVs.

In addition, plug-in hybrid sales tipped that number up to 91.6% of vehicles having a plug, as PHEVs captured an additional 2.7% of the market.

If we expand the definition to “electrified” vehicles, 5.3% of the market were conventional hybrids, bringing the total number of vehicles with an electric motor up to 96.9%. Only 2.3% of vehicles were diesel-only, and 0.8% of vehicles were petrol only.

The numbers confirm that Norway is basically on target with its plan to end gas car sales in 2025, a target it set last decade. It was already apparent years ago that the country was trending in the right direction, but anything could have happened, especially as Norway started reducing EV incentives as it had done in the last couple years.

Other countries that have reduced EV incentives have seen a drop in EV sales – like Germany, which has caused the European market to be the only global market to experience a drop in EV sales in the last year, as they rise everywhere else around the globe. But in Norway, EVs have continued to rise regardless.

While the country doesn’t have an official gas car ban on the books, the plan of high taxes on gasoline vehicles and perks for EVs had already worked out by the time those incentives were reduced, and it had already become normal to purchase an electric car rather than a gas car. Car companies even abruptly stopped offering non-EVs, realizing that the minuscule about of sales weren’t worth the bother.

While these numbers are all about the new car market, Norway’s EV market has been so strong for so long that now electric cars are starting to make up a significant percentage of cars on the road. At the end of 2024, that number now stands at 28.6% – not yet a majority, but it is more than the number of gas-only cars on the road. Diesel-only cars still outnumber EVs as the most common powertrain on Norway’s roads (at a bit over a third of cars on the road), but not for long.

But there are some holdouts, according to Ulf Tore Hekneby, who runs Harald A Moeller, Norway’s bigger car importer. Reuters quoted Hekneby as saying “the main buyers of ICE (internal combustion engine) cars in Norway are rental companies because many tourists are not familiar with EVs.”

So, native Norwegians have made the mental switch to electric, with the biggest share of ICE cars only being imported to serve foreigners from countries with comparatively low EV sales (like America, with its pathetic ~9% EV market share in 2024).

Rental companies in America have dealt with a similar issue, where Hertz made a huge EV purchase, only to later decide that it had overdone it, and that some renters just couldn’t figure out the cars (even though the EVs did increase Hertz’s overall customer satisfaction).

But it may not be long until those tourists have a harder time fueling a gas car than an EV, because for years now, gas stations have been replacing gas pumps with chargers and motor fuel sales have been dropping. Circle K, the largest gas station chain in Norway, says that it will have as many chargers as fuel pumps within three years.

Electrek’s Take

Norway’s EV adoption timeline has almost perfectly tracked the standard “S-curve” of technology adoption, accelerating over time until it reaches high levels, then flattening out for the last few percent of holdouts. We’re seeing that number now, where while Norway has basically hit its plan to eliminate gas car sales by 2025, there are likely to be a few here and there for various reasons.

This is why, for example, California’s much-vaunted “2035 gas car ban” (which, frankly, should be sooner) doesn’t actually ban all vehicles with a gasoline engine in them – it will allow for up to ~20% plug-in hybrids, assuming those PHEVs meet certain requirements.

However, most countries aren’t even close to having new EV sales eclipse new gas car sales, and Norway is already out here with over 90% of vehicles having a battery and more full EVs on the road than gas cars.

For all the complaints and protestations of impossibility that we keep hearing in the US, the Nordic countries have by and large left gas behind. All have high EV penetration, led by Norway, and there have not been any of the widespread problems that fossil fuel propaganda constantly tries to convince you that high EV use would lead to. The grid is fine, the cars work in the cold (even in the Northernmost human settlement on the planet), and everyone is happier with quieter roads and cleaner air.

Maybe instead of listening to ignorant clowns who are committed to increasing harm and costs, we should just take a look at how one of the happiest nations in the world has transformed its transportation system for the better, and take a few notes.


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Mercedes-Benz unveils the new CLA Shooting Brake EV with impressive range

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Mercedes-Benz unveils the new CLA Shooting Brake EV with impressive range

The new CLA Shooting Brake is the first electric Mercedes vehicle available as an estate. It’s more spacious, more capable, and more high-tech than ever.

Meet the new Mercedes CLA Shooting Brake EV

Mercedes introduced the new CLA Shooting Brake on Tuesday, its first electric estate car. The Shooting Brake arrives as the second EV from the luxury brand’s new entry-level family of vehicles.

The electric wagon takes the best of the new CLA, which was revealed just a few weeks ago, and adds more space and capability.

It’s also bigger than the current CLA Shooting Brake, offering a more spacious interior. The new EV measures 4,723 mm in length, or 35 mm longer than the outgoing model.

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With an extended wheelbase of 2,790 mm (+61 mm), the electric version offers 14 mm more headroom and 11 mm more legroom in the front. Rear passengers gain 7 mm of headroom but lose 6 mm of legroom compared to the current model.

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Mercedes-Benz CLA Shooting Brake models (Source: Mercedes-Benz)

Boot space is 455 L, which is 50 L more than the CLA sedan, but 30 L less than the outgoing Shooting Brake. However, it does include an added Frunk (front trunk) for an extra 101 L of storage space.

With all seats folded, overall storage space is 1,290 L. It also comes with standard roof rails, which Mercedes claims can easily fit surfboards or bicycles with a 75 kg (165 lbs) load capacity.

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Mercedes-Benz CLA Shooting Brake with EQ Technology (Source: Mercedes-Benz)

Inside, the new Shooting Brake is nearly identical to the CLA Sedan. It features the new Mercedes-Benz Operating System (MB.OS) with its fourth-gen infotainment.

The setup includes a 14″ infotainment and 10.25″ driver display screens. An extra 14″ passenger screen is available. A trim piece with star-pattern graphics replaces it if not. All three screens are powered by the latest-gen chips and graphics from Unity Game Engine.

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Mercedes-Benz CLA Shooting Brake EV interior (Source: Mercedes-Benz)

Powered by the new Mercedes-Benz Modular Architecture and an 85 kWh battery, the new Shooting Brake EV offers up to 473 miles (761 km) WLTP range.

It will be available in single and dual-motor powertrains. The base CLA 250+ Shooting Brake has 268 hp (200 kW) output and a WLTP range of up to 473 miles (761 km). Meanwhile, the dual-motor CLA 350 4MATIC Shooting Brake has combined 349 hp (260 kW) and a range of up to 454 miles (730 km).

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Mercedes-Benz CLA Shooting Brake EV interior (Source: Mercedes-Benz)

Based on its 800V architecture, the new electric estate can add 193 miles (310 km) WLTP driving range within 10 minutes. Mercedes said that should be plenty to get from Geneva to Milan or Berlin to Hamburg.

Mercedes will introduce new EV variants in early 2026, followed by a 1.5 L hybrid model. Prices will be revealed closer to launch, but it’s expected to start slightly higher than the current model. The current CLA Shooting Brake starts at around €40,000 ($46,500) in Europe.

Following the new CLA and CLA Shooting Brake, Mercedes-Benz plans to launch two SUVs. Check back soon for more info on the upcoming lineup.

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U.S. moving fast to secure access to critical minerals to counter China’s dominance of market, Pentagon says

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U.S. moving fast to secure access to critical minerals to counter China's dominance of market, Pentagon says

MP Materials CEO on deal with the Defense Department

The Pentagon is taking immediate action to boost critical mineral production in the U.S. and counter China’s dominance of the supply chain for rare earth magnets, a defense official told CNBC on Tuesday.

The Defense Department last week agreed to buy a direct equity stake in MP Materials, which will make the U.S. government the miner’s largest shareholder. MP operates the only rare earth mine in the U.S. located at Mountain Pass, California, and a magnet plant in Forth Worth, Texas.

When asked whether the Pentagon is considering similar investments in other U.S. mining companies, the defense official said it is looking at opportunities to strengthen domestic critical mineral production.

“Rebuilding the critical minerals and rare earth magnet sectors of the U.S. industrial base won’t happen overnight, but DoD is taking immediate action to streamline processes and identify opportunities to strengthen critical minerals production,” official said in a statement.

Rare earths are used in weapons such as the F-35 warplane, drones and submarines among other other military platforms. The U.S. was almost entirely dependent on foreign countries for rare earths in 2023, with China representing about 70% of imports, according to the U.S. Geological Survey.

MP Materials CEO James Litinsky told CNBC last week that he views the public-private partnership with the Defense Department as a model for other companies in industries that are important for national security but struggle to compete against the state-backed enterprises in China.

“I’d like to think that this is sort of the first, it’s a model,” Litinsky told CNBC’s “Squawk on the Street” on Thursday. “We have to deliver at MP and show that this is an incredible route to go. But it’s a new way forward to accelerate free markets, to get the supply chain on shore that we want.”

Interior Secretary Doug Burgum said in April that the U.S. government was looking at taking direct equity stakes in critical mineral and rare earth miners to break China’s dominance. The Trump administration is also looking at stockpiling critical minerals and creating a sovereign risk insurance fund to protect companies investments’ in federally approved projects, Burgum said at an energy conference in Oklahoma City.

The Pentagon makes long-term investments in mining, processing and refining critical minerals, the defense official told CNBC. It has invested $540 million so far to support a critical mineral and rare earth supply chain in the U.S. and allied nations, the official said.

“That is significant, and DoD will continue to such efforts in accordance with congressional appropriations and statutory authorities,” the official said.

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Crypto super PAC Fairshake reports $141 million war chest

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Crypto super PAC Fairshake reports 1 million war chest

Jakub Porzycki | Nurphoto | Getty Images

Fairshake, the cryptocurrency industry’s most powerful political action committee, announced Tuesday that it now holds more than $141 million in cash on hand, underscoring the sector’s growing influence as Congress takes up landmark legislation this week.

The total, which includes liquid assets like crypto, stock, and cash, reflects a surge of donations from digital asset executives and firms, including a fresh $25 million from Coinbase.

Fairshake and its two affiliated PACs — Defend American Jobs and Protect Progress — have raised $109 million since Election Day in 2024 and $52 million during just the first half of this year.

“We are building an aggressive, targeted strategy for next year to ensure that pro-crypto voices are heard in key races across the country,” said spokesperson Josh Vlasto.

Ethereum succeeded beyond anyone's expectations, says network co-founder Vitalik Buterin at EthCC

The announcement lands in the middle of what lawmakers are calling “Crypto Week” on Capitol Hill, as the House begins deliberations on a trio of long-awaited bills that would define how digital assets are regulated.

The legislation includes the dividing of oversight, setting new stablecoin rules, and a bill banning the creation of a central bank digital currency.

The crypto industry is no longer just lobbying for survival, it is shaping the political landscape. Fairshake saw nearly every candidate it backed in 2024 win their race.

“We stuck to our core strategy from Day 1,” Fairshake previously told CNBC. “We supported pro-crypto candidates and opposed those who played politics with jobs and innovation, and won.”

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