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Trollstigen, Norway, Sunset over the Trollstigen valley road
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Going Elektrisk

Norway’s EV market keeps charging ahead

Norway’s stunning roads are increasingly quiet, as EVs dominate new car sales

Tom Jones

In August, electric vehicles accounted for a genuinely staggering 94.3% share of new car sales in Norway, as the nation’s road users continue to accelerate ahead of the rest of the world when it comes to EV adoption.

There were almost 10,500 electric vehicle sales in the Scandi nation last month, compared to just 634 non-EV sales (including petrol, diesel, and hybrid models), according to the OFV, Norway’s national Road Federation. While electric vehicles have made up the majority of new car sales each year since 2020, the 94% monthly figure marks a new high even by their standards, with the Norwegian government aiming to reach a point in 2025 when every new car sold is electric or hydrogen.

Norway EVs
Sherwood News

Gas out

The adoption has been a long time in the making — since the 1990s, successive governments have introduced a range of policy measures and incentives to get Norwegian nationals onboard with the EV surge. For example, Norway’s electric vehicle drivers have benefitted from perks like free parking, various tax exemptions, cheaper toll fees, the use of bus lanes, and much more besides over the years. It helps that the country is one of the wealthiest on Earth, in part — somewhat ironically — thanks to its huge oil reserves, which have given it a gargantuan wealth fund.

While many of the benefits have been gradually repealed as adoption increased more recently, the figures suggest that Norway could be well on the way to reaching 100% zero-emission vehicle sales by next year, a full decade ahead of the EU goal.

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Amazon to lay off thousands more office workers on path to 30,000 cuts

Amazon plans to axe thousands of corporate workers next week, after laying off 14,000 back in October, according to Reuters. The new cuts could be “roughly the same” number as last time and may hit Amazon Web Services, retail, Prime Video, and human resources, the report said, citing people familiar with the matter.

The company plans to cut a total of 30,000 corporate positions as part of an effort to “streamline operations and reset its culture,” Business Insider reported separately, noting comments from CEO Andy Jassy, who said the earlier layoffs were “about culture” rather than AI-related cost cutting.

The company plans to cut a total of 30,000 corporate positions as part of an effort to “streamline operations and reset its culture,” Business Insider reported separately, noting comments from CEO Andy Jassy, who said the earlier layoffs were “about culture” rather than AI-related cost cutting.

Little  Bay Beach

There are now more than 1 million “.ai” websites, contributing an estimated $70 million to Anguilla’s government revenue last year

Data from Domain Name Stat reveals that the top-level domain originally assigned to the British Overseas Territory of Anguilla passed the milestone in early January.

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TikTok closes deal to operate in the US

TikTok has finally sealed its deal to establish a majority American-owned joint venture to manage its US operations.

On Friday, the social media company announced that its US arm will now be led by three “managing investors” — Silver Lake, Oracle, and MGX, each with a 15% holding — while ByteDance retains 19.9% of the business, and a swath of other investors, including Michael Dell’s family office, round out the cap table.

The joint venture will be operated by a seven-person majority American board of directors, which includes TikTok CEO Shou Chew, with Adam Presser, previously TikTok’s head of operations, trust, and safety, as its CEO.

Though the valuation of the new venture has not been shared, Vice President JD Vance has previously cited the market value of TikTok’s US operations at about $14 billion, just topping Snap and lower than Pinterest.

The deal closes the platform’s battle, which kicked off in earnest in August 2020 when President Donald Trump first tried to ban TikTok over national security concerns. The announcement notes that the new TikTok USDS Joint Venture LLC will “secure U.S. user data, apps and the algorithm.” Trump celebrated the deal, which has been signed off by both the US and Chinese governments, per Reuters, in a Truth Social post, saying TikTok “will now be owned by a group of Great American Patriots and Investors, the Biggest in the World.”

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Elon Musk says Tesla Robotaxis are operating without drivers, sending stock higher

Tesla CEO Elon Musk said that Tesla’s Robotaxis are now operating in Austin without a safety monitor. Tesla has been testing driverless cars in the area for about a month, and Musk had previously said the company would remove safety drivers by the end of 2025.

It’s unclear how many exactly of the roughly 50 Robotaxis the company operates in the area don’t have drivers. Tesla is “starting with a few unsupervised vehicles mixed in with the broader robotaxi fleet with safety monitors, and the ratio will increase over time,” Ashok Elluswamy, Tesla’s head of AI, posted shortly after Musk. Ethan McKenna, the person behind Robotaxi Tracker, estimates it’s two or three vehicles.

What is clear is that the move is good for Tesla’s stock, which is currently up 3.5%, extending its gains after Musk’s tweet. Morgan Stanley said yesterday that it considers the removal of safety drivers a “precursor to personal unsupervised FSD rollout.” Unsupervised Full Self-Driving is widely considered to be integral to the would-be autonomous company’s value proposition.

At the World Economic Forum earlier on Thursday, Musk said, “Self-driving cars is essentially a solved problem at this point.”

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