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by martinald 4613 days ago
Not really - Norway exports a huge amount of oil. They have one of the world's biggest sovereign wealth funds from the proceeds. It's currently worth ~$700billion. Considering there are only 5 million people in the country, they are not short of cash. So - any oil usage saved is somewhat made up by export revenues which go back to the state.

Furthermore, the costs of electric cars will surely go down as economies of scale hit in, lessening the need for subsidies as time goes on.

1 comments

Yes, we do have one of the biggest wealth funds. The problem is that we will probably have to spend more than we are spending today, if the income from taxes is reduced (our national budget will probably not become "cheaper" in the future). And if the demand for oil starts to decrease, maybe we'll spend more money than we are earning from oil export. I know this won't happen in the near future, but I still think that the electric cars will be taxed more one day. Other perks for electric car owners will probably be history in a few years too (electric cars clogging up the bus lanes).

That being said, I hope I'm wrong. I wouldn't mind owning an electric car, the day I need to own a car.