Electric and ICE forever together?
Was told by a car salesperson that don't be fooled into thinking ICE Vehicles will not be manufactured anymore or sold after 2035. He said they will still be manufactured along with electric ones and ...
Forum Discussion
valhalla360 wrote:2oldman wrote:
Fossil fuels still receive massive government subsidies.
The Environmental and Energy Study Institute found that the US government alone spends $20 billion every year on direct fossil fuel subsidies. This has been going on for a LONG time.
$7500 per car exceeds $20B by a lot for only 1% of the market. Yes there are subsidies all over but per car sold massively favor ev.
Early on government literally fought ice and only because it was so much better did it become the standard. The subsidies are mostly about reliability of fuel supply...except when strategic reserves are sold for political purposes.
dig out your calculator and lets use some actual data on EV sales. And EV sales are NOT 1% of the market, more like 5-7% and rising.
last year (2022) EV sales in the US were 850,000. Now let's assume 100% got a 7500 gov't credit. That comes to 6.3B, I'd say 20B on fossil fuel subsidies FAR exceeds 6.3B, not the other way around
