Tesla sales in Norway rise 213% year-on-year in May

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OSLO (Reuters) -Tesla's (TSLA) sales of new cars in Norway rose by 213% in May from a year ago to 2,600 vehicles, registration data showed on Monday,

The electric vehicle maker's sales got a boost from a revamp to its Model Y compact SUV, the country's best-selling automobile in each of the last three years.

Sales rose by 8.3% year to date, compared with the first five months of 2024.

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Nine out of ten new cars sold in Norway last year were fully electric vehicles, and the EV share of sales year-to-date stands at 92.7%, the Norwegian Road Federation said, bringing it close to a goal of phasing out diesel and petrol automobiles.

Tesla, which has seen declining sales in Europe this year amid CEO Elon Musk's embrace of far-right politics, offers zero-interest loans in Norway and several other countries to buyers who take delivery of a new Model Y by the end of June.

Meanwhile, Tesla's new car sales in Sweden fell 53.7% in May from a year earlier to 503 vehicles, registration data from Mobility Sweden showed on Monday.

(Reporting by Terje Solsvik, editing by Louise Rasmussen)