That was the managing director at Elvia, which supplies electricity in and around Norway, speaking to the New York Times in an article that published on Monday detailing how the heavily electric vehicle-populated country is holding up under any grid strain. Anne Nysæther said they’ve installed new substations and transformers in parts of the country, but no grid collapse has resulted.
Norway may offer one of the best glimpses at what happens when a country begins to turn toward electric vehicles and all its potential perks and problems. The country’s EV sales as a percentage of all car sales reached 86% in 2021, a global leader, followed by 72% in Iceland, then 43% in Sweden, and 35% in Denmark.
The International Energy Agency has predicted that the EV share of global auto sales will reach another record in 2023 —14 million electric autos sold versus last year’s record of over 10 million. The energy industry coalition has predicted that rising EV usage will slash oil demand by 5 million barrels a day by as soon as 2030.