Is Norway a good place to buy EV batteries?

An early adopter of electric transport, Norway continues to capture EV battery headlines. Electric cars now account for 79 per cent of new cars sold in Norway, and the MS Medstraum was recently launched as the world’s first electric fast ferry. In a global report on lithium-ion batteries, Norway ranked first in sustainability.

How much battery storage does Norway have?

Acquiring that much battery storage on wheels in a single month is an impressive achievement for a country with only 5.5 million people. It comes to 0.25 kilowatt-hours per Norwegian household. Note these aren’t Australian sized households with an average of 2.6 people.

Does Norway have a battery market?

Today Norway has not one, but two huge battery markets. “There are two market drivers for batteries: EVs and stationary energy storage. Energy storage is coming on strong now. It’s the key to turning intermittent wind and solar into a stable energy source,” explains Pål Runde, Head of Battery Norway.

Are Norwegians getting more EV battery storage?

If Norwegians continue at this rate, over 12 months they will add another 3 kilowatt-hours of EV battery storage per household. On top of this, Norwegians are also getting a teeny bit of additional battery storage inside plug-in hybrids. I expect plug-in hybrid sales have peaked and before long new car sales will be almost 100% EV.

Is Norway a battery region?

As a battery region, the Nordics have become a notable actor in the broader European battery market. They have also joined forces on global projects, such as the export of energy storage systems to Egypt and Lebanon. “The rest of the world understands that Norway is an important player in all things battery.

What is the future of battery production in Norway?

Battery cell production is one new industry Norway is keen to enter, hoping to benefit from access to green power and proximity to European customers keen to source batteries away from China.