Let’s weigh the benefits of leasing vs. buying an electrical vehicle, plus some factors influencing the current auto market as a whole.

Nine out of ten new cars sold in Norway last year were powered by battery only, registration data showed on Thursday, placing the country within reach of its target of only adding cars that are electric on the road by 2025.

With 2024 in the rearview mirror, a clearer picture of the auto industry’s year is becoming clearer. Automakers selling in the United States saw big gains in electric vehicle sales, though there’s speculation that the potential loss of tax credits coming with the Trump administration drove sales late in the year.

Of the 128,691 new car registrations last year, 114,400 were electric, the highest share of any major national car market and up from an 82% share in 2023. Norway aims for all new cars sold to be "zero emission" starting in 2025,