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by martinald
4613 days ago
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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. |
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That being said, I hope I'm wrong. I wouldn't mind owning an electric car, the day I need to own a car.