Industry: Automotive & Transportation | Publish Date: 27-Jun-2025 | No of Pages: 109 | No. of Tables: 142 | No. of Figures: 87 | Format: PDF | Report Code : AT863
Norway Electric Vehicle (EV) Charging Market was valued at USD 317.74 million in 2022, and is predicted to reach USD 2919.4 million by 2030, with a CAGR of 32.6% from 2023 to 2030. Electric vehicle chargers are defined by the amount of energy delivered to the vehicle’s battery per unit of time. It is an infrastructure that is used to connect the plug-in electric vehicle to an electrical outlet to charge the battery of the vehicle. Electric vehicle chargers are used to provide charging to EVs with a battery and the electrical source that helps to charge the battery.
Electric vehicles, neighborhood EVs, and plug-in hybrids can all be charged at a charging station by connecting to an electrical source. Advanced features including smart meters, cellular connectivity, and network access are available on some charging stations.
The charging of EVs can be carried out through several levels of charging such as level 1, level 2, and level 3. The higher the level of charging, the faster the charging process causing more power to be delivered to the vehicle. The use of electric vehicles significantly reduces the carbon footprints released into the atmosphere, which contain toxic gas. The growing threat of carbon emissions and other harmful gases stemming from transportation has triggered the vital necessity of adopting electric vehicles.
In addition, the penetration of EV charging is high in commercial spaces as compared to residential ones. Long-distance trips would benefit from ultra-fast charging capabilities made possible by public charging infrastructure. However, EV chargers for residential spaces offer significant growth potential as they are affordable and more convenient for charging electric vehicles as compared to commercial charging stations.
The Norwegian government has implemented pioneering policies to combat air pollution and drive the transition to clean transportation. A key national objective is that all new cars sold by 2025 must be zero-emission vehicles—either electric or hydrogen-powered. This ambitious goal has positioned Norway as a global leader in EV adoption.
By the end of 2024, battery electric vehicles (BEVs) accounted for 88.9% of all new passenger car sales in Norway, up from 82.4% in 2023. This strong momentum reflects the country's transition to sustainable mobility. To support this shift, the Norwegian government has maintained EV incentives, such as exemptions from VAT on vehicles priced up to NOK 500,000, road toll reductions, and ferry charge exemptions, while continuing to adapt policies based on market maturity. These strategic efforts significantly boost demand for a widespread and efficient EV charging infrastructure.
As of July 2024, the Norwegian EV charging market has seen significant advancements driven by key industry players like NIO, ABB, and Eviny. NIO has expanded its battery swapping infrastructure to 15 stations across Norway, including new locations in Straume and Oslo, as part of its broader European strategy that includes 50 swap stations across the continent, primarily in Norway and Germany. This battery swapping technology enables drivers to replace depleted batteries with fully charged ones in about four minutes, offering a fast and efficient alternative to traditional charging and addressing range anxiety. Simultaneously, ABB, in collaboration with Norwegian utility company Eviny, has deployed the world’s fastest EV charger, the Terra 360, at locations such as the Oasen Shopping Center in Bergen and the ski resort town of Geilo. Delivering up to 360 kW, the charger can fully power an EV in under 15 minutes. These strategic developments significantly enhance charging convenience and support Norway’s ongoing transition to sustainable transportation.
Despite strong growth, the EV charging infrastructure market in Norway faces challenges—chief among them being the high initial installation costs of fast and ultra-fast chargers. While Level 1 and Level 2 chargers are cost-effective, they require 6–16 hours for a full charge, which is unsuitable for users accustomed to the quick refueling times of internal combustion engine (ICE) vehicles.
In contrast, Level 3 DC fast chargers, which can recharge an EV in 20–30 minutes, are in high demand. However, their substantial capital expenditure, including site preparation, grid upgrades, and equipment, acts as a deterrent—particularly in rural or low-demand regions. The absence of additional incentives for high-speed infrastructure could hinder rollout, especially for smaller operators or municipalities with limited budgets.
The adoption of Vehicle-to-Grid (V2G) technology in Norway presents a compelling opportunity to enhance the EV charging landscape. V2G allows bi-directional energy flow, enabling electric vehicles not just to consume electricity but also to feed excess power back into the grid. This feature could prove crucial in helping Norway balance its renewable-heavy power grid, especially during peak demand periods or variable generation from wind and hydro sources.
As a global front-runner in EV adoption, Norway is well-positioned to integrate V2G infrastructure into its energy and mobility ecosystem. Early-stage pilot programs and academic collaborations are beginning to explore V2G’s potential. Once scaled, the technology could turn parked EVs into distributed energy assets, offering economic benefits to consumers while enhancing grid resilience.
While V2G infrastructure involves high upfront costs and requires sophisticated power electronics, communication protocols, and durable connectors, these challenges create new market segments for innovative component manufacturers and software developers. As the technology matures, V2G is expected to play a critical role in shaping the next generation of EV infrastructure in Norway.
The Norway Electric Vehicle (EV) Charging industry includes several market players such as Kempower, Zaptec, Schneider Electric, Siemens, ABB, Delta, Enphase, Tesla, Easee, Defa, EV BOX, Bosch EV Solutions, Wallbox, Charge Point, and Tritium.
The Norway Electric Vehicle (EV) Charging market report provides a quantitative analysis of the current market and estimations through 2023-2030 that assists in identifying the prevailing market opportunities to capitalize on.
The study comprises a deep dive analysis of the market trend including the current and future trends for depicting the prevalent investment pockets in the market.
The information related to key drivers, restraints, and opportunities and their impact on the market is provided in the report.
The competitive analysis of the market players along with their market share in the Norway Electric Vehicle (EV) Charging market.
The SWOT analysis and Porter’s Five Forces model are elaborated in the study.
Value chain analysis in the market study provides a clear picture of the stakeholders’ roles.
AC Chargers
Mode 1 (2.3 kW)
Mode 2 (2.3 kW)
DC Chargers (22 kW to 350 kW)
Level 1
Level 2
Level 3
Type 1
Type 2
CCS
CHAdeMO
Others
Fixed
Portable
Commercial
Commercial Public EV Charging Stations
Highway Charging Stations
Fleet Charging Stations
Workplace Charging Stations
Commercial Private EV Charging Stations
Residential
Private Home
Apartment
Kempower
Zaptec
Schneider Electric
Siemens
ABB
Delta
Enphase
Tesla
Easee
Defa
EV BOX
Bosch EV Solutions
Wallbox
Charge Point
Tritium
Parameters |
Details |
Market Size in 2022 |
USD 317.74 Million |
Market Volume in 2022 |
26 Thousand Units |
Revenue Forecast in 2030 |
USD 2919.4 Million |
Growth Rate |
CAGR of 32.6% from 2023 to 2030 |
Analysis Period |
2022–2030 |
Base Year Considered |
2022 |
Forecast Period |
2023–2030 |
Market Size Estimation |
Million (USD) |
Growth Factors |
The increasing government initiatives. The presence of several market players. |
Companies Profiled |
15 |
Market Share |
Available for 10 companies |
Customization Scope |
Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope. |
Pricing and Purchase Options |
Avail customized purchase options to meet your exact research needs. |