Report: the global effect of Norway’s EV policy

As part of our preparation for the 2020 edition of the Energy Transition Outlook, the ETO Research programme is investigating the global effect of national investments in clean technology.

A particular case in point is the global effect on emissions reductions produced by Norway’s proactive and well-funded investment in electric vehicles (EVs). The insights from the study were published in the Aftenposten newspaper as an article (Norwegian language).

DNV GL’s summary report, with the calculations behind the conclusions is available here.

Quick insight:

Without the Norwegian EV policy, global CO2 emissions over the period 2010–2050 would have been close to 400 million tonnes higher. The emission reductions outside Norway exceed those domestically by a factor of more than five.

Norwegian EV policy has pushed global battery prices lower than they would have been otherwise. The effect may appear marginal. But extended to the world, this produces significant CO2 emission reductions. The same will apply in the years to come: if Norwegians buy more EVs, global battery costs–will continue to be lower than they would otherwise have been. Lower costs have a self-reinforcing effect ensuring more sales, which in turn ensure lower costs etc. Lower costs of batteries also benefit the generation of wind or solar that can be stored to gradually replace power from coal and gas-fired power plants, and thus reduce the emissions from the power sector. This in turn will make the charging of EVs greener.

Enquiries about this report may be addressed to Sverre.alvik@dnvgl.com.

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