Environment Sustainable Transport Electric Mobility

Interview with Circle K Norway: "It's difficult to develop a model for the EV industry"

Electric Mobility

Summary

Answers questions like what effect will electric vehicles have in traditional petrol stations? what is the best business model for EV chargers?

Perspectives and insights

  • EV penetration in Norway is quite unique compared to rest of the world – last year EVs made up 56% of all new car sales in the country, up from 31% in 2018.
  • The fuel retailer Circle K sees Norway as the laboratory for electric vehicle (EV) charging.
  • It is difficult to predict the business models or profitabiity for EV charging.
  • In future, advanced biofuels could become a dominant fuel alongside electricity.
  • Often technological changes come faster that we foresee but adoption of technology can be slower than expected.