Reason Behind Tesla Success in Norway

The auto making giant is making huge sales in Norway and analysts have researched on how the firm does it.

Tesla Motors has already been doing well in the country where it was founded but what has surprised the investors in the firm is that the auto giant seems to be doing even better in other countries as well. According to the most recent news of the electric car makers, it was seen that the firm has been doing exceptionally well even in foreign countries in which more attention was given to popularity in Norway where the sales seem to be going way up on the scale. This news has not surprised the analysts much as they are of the opinion that the hybrid car makers are capable of reaching even higher heights in the future, given the kind of high end cars they have been building up since the start.

A research was carried out by IHS, which is a financial firm, in which Tesla cars were not only rated with great reviews but the Model S P85D was also deemed as the most popular car in the region. The analysts at Business Finance news have made analysis as to what triggers such high sale and popularity of the electric vehicles in Norway in a research and have come to the conclusion that there are many strong points the firm has in the state which is why it enjoys such a great position in the auto market there. Tesla already receives more than half of its revenues from the automobile industry in the United States and the rest it gets from the markets in the other countries.

The Tesla customers are not as highly provided for by the US government as they should be, considering the amount of revenue that is obtained by the firm through sale of its electric cars in the region. This is something to think over as the cars made by them are easily them most dominant in the American market.

One of the most important factors that results in a higher demand for electric vehicles in Norway is that there is no import tax on the cars for the customers which makes it easier for them to reach out to the luxury cars hence becoming an economical choice. Another reason that has come to the attention of the analysts is that the drivers of EVs in Norway are not liable to stop at every point for tolls and can do on driving while ignoring them. This has turned out to bring about a hassle free experience for the customers who can drive in the country without facing any difficulties.