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Sustainable Future

Norway is set to become the first country in the world to effectively erase gasoline and diesel cars from its new car market.

Despite its vast oil and gas reserves, the Nordic country has long been recognized as a global leader in sustainable transportation. Its electric vehicle (EV) sales have increased from less than 1% of total auto sales in 2010 to a whopping 88.9% last year — and this trend doesn't show any sign of slowing.

Data published by the Norwegian Public Roads Administration, which is responsible for the country's national road network, found EVs accounted for more than 96% of new cars sold in the first few weeks of this year.

It puts Norway within touching distance of going fully electric — realizing a non-binding goal that was first established by lawmakers back in 2017.

Christina Bu, secretary general of the Norwegian EV Association (NEVA), which represents electric car owners in the country, expects Norway to hit this target. In fact, Bu said plans were underway to hold a party to celebrate what she said would be a historic milestone.

"We have already invited a lot of politicians and different stakeholders to a party on the 13th of February because, we don't know exactly until the year has ended, but everyone says we will end somewhere between 95% and 100% this year," Bu told CNBC via video call.

"So, in times like this with [President Donald] Trump withdrawing the U.S. from the climate agreement and everything, I think we need to celebrate the achievements that we have managed," she added.

Alongside a push to withdraw the U.S. from the landmark Paris Agreement, Trump also took aim at several low-carbon technologies last week. This included revoking predecessor Joe Biden's non-binding executive order which

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