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Freakonomics Radio

182. How Can Tiny Norway Afford to Buy So Many Teslas?

Freakonomics Radio

Freakonomics Radio + Stitcher

Documentary, Society & Culture

4.632K Ratings

🗓️ 16 October 2014

⏱️ 36 minutes

🧾️ Download transcript

Summary

The Norwegian government parleys massive oil wealth into huge subsidies for electric cars. Is that carbon laundering or just pragmatic environmentalism?

Transcript

Click on a timestamp to play from that location

0:00.0

As you likely know, the American automobile company Tesla makes some of the most desirable

0:14.7

and expensive electric cars in the world.

0:17.5

The company is currently valued at roughly $31 billion.

0:21.3

Compare that to the $55 billion market cap of the Ford Motor Company.

0:26.8

Tesla, however, last year sold fewer than 25,000 cars, while Ford sells more than 6 million

0:32.9

vehicles a year, roughly 240 vehicles for every single Tesla.

0:39.2

Tesla currently has just one vehicle in production, the Model S Luxury sedan.

0:44.4

In the US, the starting price is a bit more than $70,000.

0:48.8

Americans buy more Model S's than anyone, which isn't very surprising, but which country

0:54.8

do you think has routinely been coming in second?

0:58.8

From WNYC, this is Freakonomics Radio, the podcast that explores the hidden side of everything.

1:22.3

Here's your host, Stephen Dupner.

1:29.3

Okay, here's the question of the day.

1:38.0

Tesla Motors opened its first stores in California in 2008.

1:42.0

Today, the US is still the largest market for this tiny beloved automaker.

1:47.2

China is poised to become the second largest.

1:49.9

It may already be, and we just don't know it yet, but until the China takeover, what country

1:54.9

do you think ranked number two on the list of Tesla devotees?

2:05.6

Oh, sorry, you don't speak Norwegian, do you?

2:08.8

But yes, Tesla's second biggest market in the world, at least until recently, was tiny

2:13.8

Norway, population 5.9 million.

2:16.8

This is planet Earth, and this is Norway.

...

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