New IRS Crypto Tax Form: What Your Broker Will Report Next Year 
Shiba Inu Whales Trigger Market Stir with 100 Billion SHIB Sale Amid Metrics Anomaly 
China's EV Price Battle Intensifies with Tesla's Strategic Cuts 
Nasa to overhaul mission returning samples from Mars – here’s why it must and will go ahead 
Apple Adds Eight Chinese Companies to Its Supply Chain After Axing Four 
A Blend of Tradition and Technology: Finnish Roastery Launches AI-Developed Coffee Blend 
Rivian's Earth Day Special: $5,000 Off for Trading Gas Cars for Electric 
Gurman: Apple's iOS 18 Enhances AI Privacy, Speed with On-Device LLM 
China Secures Banned Nvidia Chips Amid US Export Restrictions, Tenders Reveal 
ZKasino Users Outraged as $33M in ETH Redirected to Lido Instead of Refunds 
Hong Kong Crypto Firms Encouraged to Self-Regulate Amid Global Compliance Shifts 
The use of AI in war games could change military strategy 
Venezuela Embraces Cryptocurrency for Oil Exports to Circumvent US Sanctions 
Samsung Responds to Green Line Display Fault with Free Screen Replacements, But There's A Catch 
Thailand Cracks Down on Unlicensed Crypto Exchanges to Curb Crime 
Tesla Expands in Thailand: New Interest Rate Program and Land Acquisition Talks 
BMW Inaugurates Facility in South Korea for EV Technology Research and Development 
The Norwegian newspaper Dagens Næringsliv recently reported that the four major political parties of the Scandinavian country are discussing the move to ban the sale of gas-powered vehicles by 2025. This development elicited alarm in the oil sector and glee in the electric vehicle market, but emotions will need to be kept in check since the concept has not been made into law.
Among those who enthusiastically endorsed the move by Norway is Tesla CEO Elon Musk. Musk tweeted about the news expressing positive feedback, which is not surprising since his company will profit as a result.
Just heard that Norway will ban new sales of fuel cars in 2025. What an amazingly awesome country. You guys rock!! pic.twitter.com/uAXuBkDYuR
— Elon Musk (@elonmusk) June 3, 2016
However, as The Register notes, the only thing that the quad party discussion achieved was to set down environmental measures which mandate that brand-new vehicles sold in the country should be zero- emission by 2025. The mandate also targets buses and light commercial vehicles such as taxis, which means that they too will need to run on green energy by then.
To make the transition easier, new hydrogen-fueling stations are set to be built all over the country. The impending parliamentary election in 2017 does hold the potential to derail these developments, but the deal between the four parties ensures that the policies will most likely hold up.
What baffles many about the move by Norway however, is the fact that the Scandinavian country is one of the biggest oil producers and natural gas exporters in the world. According to a government report, oil and gas represented 39 percent of the exports that the country made in 2015. Even so, Norway is one of the most aggressive nations when it comes to transitioning from fossil fuels to renewable energy.
Joining Norway in attempting to ban gas-powered vehicles is The Netherlands and India, both of which want to enact the measure in 2025 and 2030 respectively. If these measures become laws, they could have a profound effect on the international automotive industry, particularly on the gas and diesel-powered sectors.
