Ford's Mustang Mach-E Trounced Tesla in Norway Last Month

Ford Motor Company's (NYSE: F) Mustang Mach-E was the best-selling vehicle of any kind in Norway in May, the first full month of sales for the electric Ford in the country that buys more electric vehicles (EVs) per capita than any other.

Norway is a small market for vehicles by global standards, but the country has become a bellwether for EV sales because of a policy that exempts fully electric vehicles from the stiff taxes imposed on those with internal-combustion engines.

Battery-electric vehicles made up just over 60% of all new cars sold in Norway in May, up from 43% a year ago, according to new figures from the Norwegian Road Federation. The Mustang Mach-E was the leader with 1,384 sold, for a roughly 10% share of the overall market.

Source Fool.com