5 Countries with the Most Electric Vehicles in 2023

2. Iceland

EV market share: 70%

In 5 years, Iceland excelled in EVs due to tax cuts, VAT removal, and a green grid. Full renewable electricity and cost-effectiveness boosted adoption. Iceland has a fully renewable resource for all the electricity, and it’s relatively cheap compared to most other locations which helped people adopt EV cars bringing Iceland second in the list of countries with the most electric vehicles in 2023.