They don’t subsidise the purchase price of petrol cars.
Should the oil industry be subsidised? Absolutely not, they would still be extremely profitable without the subsidies. It’s pure corruption by politicians who want to help their mates, help keep the donations flowing, and want to position themselves for cushy exec jobs and board seats when they leave politics.
The EV market is different though, as this situation shows. The oil industry doesn’t need subsidies. The EV market, as well as the “renewables” market, do.
In a way they do, the price of gasoline is artificially low in North America compared to Europe. And if you search gasoline subsidies you will see how many billions countries pay to prop up fossil fuel.
The cost of car ownership for a petrol cat depends on government.
For us our petrol is manipulated in another way also:
We we paying around $1.80 a liter a while back, but an election happened so they removed some of the taxes on petrol as a party incentive, so now we are paying $1.50
While not a direct subsidy, that ooerating cost did have an impact on car purchase choices.
They don’t subsidise the purchase price of petrol cars.
Should the oil industry be subsidised? Absolutely not, they would still be extremely profitable without the subsidies. It’s pure corruption by politicians who want to help their mates, help keep the donations flowing, and want to position themselves for cushy exec jobs and board seats when they leave politics.
The EV market is different though, as this situation shows. The oil industry doesn’t need subsidies. The EV market, as well as the “renewables” market, do.
In a way they do, the price of gasoline is artificially low in North America compared to Europe. And if you search gasoline subsidies you will see how many billions countries pay to prop up fossil fuel.
The cost of car ownership for a petrol cat depends on government.
For us our petrol is manipulated in another way also: We we paying around $1.80 a liter a while back, but an election happened so they removed some of the taxes on petrol as a party incentive, so now we are paying $1.50
While not a direct subsidy, that ooerating cost did have an impact on car purchase choices.