The Financial Post reports in its Saturday edition that Alimentation Couche-Tard is looking to Norway for guidance on how to adapt to growing electric car sales.
A Canadian Press dispatch to the Post says that the convenience store company, which established a foothold in the Scandinavian country five years ago with its purchase of Statoil ASA's fuel and retail operations, says it wants to ensure it will still appeal to customers if they no longer need to fill up on gas.
"We'll look at Norway as a laboratory to the future," chief executive officer Brian Hannasch said during an earnings conference call earlier this month. When it comes to embracing electric vehicles, Norwegians are in a class of their own. In a country of about five million people, there are about 120,000 full-electric or plug-in hybrid automobiles on the road -- a per capita ownership ratio 23 times larger than in Canada.
About 43 per cent of all car sales in Norway last month were for electric vehicles. In Canada, that figure was less than 1 per cent.
Couche-Tard relied on fuel to deliver 40 per cent of its gross profits and 69 per cent of its revenues in its last fiscal year.
Couche-Tard has at least 15 charging stations in Canada.
© 2026 Canjex Publishing Ltd. All rights reserved.