4 ms·

What subsidies do ICE cars have that electrics don’t?

by abtinf 8y ago

r00fus 8y ago
Petroleum industry gets tons of subsidies. I think there's a reddit out there somewhere with a list of the tax deductions that are specifically for Big Oil. It's like 2 dozen or so. And that's just the stuff that's out in the open. All of that subsidizes any ICE car.
- abtinf 8y ago
  While I disagree that oil subsidies equate to ICE subsidies, I’d appreciate a link if you think it has good information. I’ve attempted to research this issue before, but the information I’ve found is very poor. A common problem is grossly inflated figures that include deductions that apply to every business. Also, I haven’t found a resource that accounts for the full tax load on oil. For example, electrics are not subject to the sizable per-gallon taxes on gas and diesel, which means ICE cars are subsidizing electric’s road usage.
  - prostoalex 8y ago
    The oil depletion allowance (curtailed since its glory days) was a major one, at some point allowing the deduction to continue way past the original well investment was recuperated. As far as the modern state of tax incentives - https://www2.deloitte.com/content/dam/Deloitte/us/Documents/Tax/us-tax-credits-and-incentives-for-oil-and-gas-producers.pdf https://www2.deloitte.com/content/dam/Deloitte/us/Documents/... and discussion of the current carveouts https://www.wsj.com/articles/does-the-oil-and-gas-industry-still-need-tax-breaks-1479092522 https://www.wsj.com/articles/does-the-oil-and-gas-industry-s...
gumby 8y ago
Cheap extraction leases on public land. Huge military investment in oil-producing countries and regions. Building and transport codes built around the needs and technologies of dinosaur burners. Lack of significant restrictions on emissions. I don't think you're gonna get back the sum of the decades of subsidies of various sorts that cut the cost of technology developments. (yes, I know they aren't really "dinosaur" burners but alge burners)
- TimesOldRoman 8y ago
  Tarrifs are also a tax.
  - gumby 8y ago
    Indeed but this was responding to a request for a list of subsidies for internal combustion.

What subsidies do ICE cars have that electrics don’t?

by abtinf 8y ago

What subsidies do ICE cars have that electrics don’t?

Petroleum industry gets tons of subsidies. I think there's a reddit out there somewhere with a list of the tax deductions that are specifically for Big Oil. It's like 2 dozen or so. And that's just the stuff that's out in the open. All of that subsidizes any ICE car.

abtinf 8y ago
While I disagree that oil subsidies equate to ICE subsidies, I’d appreciate a link if you think it has good information. I’ve attempted to research this issue before, but the information I’ve found is very poor. A common problem is grossly inflated figures that include deductions that apply to every business. Also, I haven’t found a resource that accounts for the full tax load on oil. For example, electrics are not subject to the sizable per-gallon taxes on gas and diesel, which means ICE cars are subsidizing electric’s road usage.
- prostoalex 8y ago
  The oil depletion allowance (curtailed since its glory days) was a major one, at some point allowing the deduction to continue way past the original well investment was recuperated. As far as the modern state of tax incentives - https://www2.deloitte.com/content/dam/Deloitte/us/Documents/Tax/us-tax-credits-and-incentives-for-oil-and-gas-producers.pdf https://www2.deloitte.com/content/dam/Deloitte/us/Documents/... and discussion of the current carveouts https://www.wsj.com/articles/does-the-oil-and-gas-industry-still-need-tax-breaks-1479092522 https://www.wsj.com/articles/does-the-oil-and-gas-industry-s...

gumby 8y ago

Cheap extraction leases on public land. Huge military investment in oil-producing countries and regions. Building and transport codes built around the needs and technologies of dinosaur burners. Lack of significant restrictions on emissions. I don't think you're gonna get back the sum of the decades of subsidies of various sorts that cut the cost of technology developments. (yes, I know they aren't really "dinosaur" burners but alge burners)

TimesOldRoman 8y ago
Tarrifs are also a tax.
- gumby 8y ago
  Indeed but this was responding to a request for a list of subsidies for internal combustion.