I don't know if owning a radio is legally required in Norway but if it isn't I can see the radio ownership going down. Once again you may ask so what?
The biggest issue (for me) is that radio plays an essential part in crisis management. Imagine a long term power outage or some other crisis. With radios it's mostly a matter of keeping stations running and making sure the population knows that a battery powered (or crank powered) radio such as a car radio will work during a power outage. That's one of the few reliable ways of mass-communicating important information during power outages.