4 ms·
It's not like anybody's hiding this. It's even in the article. "In a bid to cut carbon emissions and air pollution, Norway exempts battery-driven cars from mos
by jplayer01 8y ago
It's not like anybody's hiding this. It's even in the article.
"In a bid to cut carbon emissions and air pollution, Norway exempts battery-driven cars from most taxes and offers benefits such as free parking and charging points to hasten a shift from diesel and petrol engines. "
"“It was a small step closer to the 2025 goal,” by which time Norway’s parliament wants all new cars to be emissions-free, Oeyvind Solberg Thorsen, head of the NRF, told a conference. "
It's clearly being driven by a government goal to hit a certain target by a certain year. That's fine (I'd even argue that's how it should be, but that would be beside the point).
- dominotw 8y agoHow do they make up for loss of tax revenue?
- nostromo 8y agoBy selling oil. A touch ironic, no?
- deleted 8y ago[deleted]
- noselasd 8y agoIronic or not - I don't think you really mean they make up any lost tax on cars by selling oil - it's not like the oil sale increases by that virtue.
- floatrock 8y agoanother way of looking at it: realizing oil wealth is unsustainable and spending the cushion now to make the transition on their own terms instead of being forced to by climate uncertainty (annual record breaking fires, hurricanes, etc.) or market uncertainty (stranded assets).
- JKCalhoun 8y agoLooks that way. Of course oil is used in the production of plastics and other useful materials as well.
- xxs 8y agoasphalt too
- dominotw 8y agoyou mean by selling more oil?
- DSingularity 8y agoAvoiding downstream costs due to carbon emissions. Also arguable that this source of revenue in particular was small and they increased taxes to reduce purchases while maintaining same revenue levels.
- jjeaff 8y agoYou mean by selling oil and exporting those downstream carbon costs out of the country?
- nso 8y agoThat's part of norways income stream. But a smaller part than you'd probably imagine. 2018: https://www.norskpetroleum.no/en/economy/governments-revenues/ https://www.norskpetroleum.no/en/economy/governments-revenue... (check out the pie charts)
- genghizkhan 8y agoI suppose their oil wealth and sovereign wealth fund would help smooth over any problems here.
- YetAnotherNick 8y agoAFAIK sovereign wealth fund can't be used in Norway as per law.
- dominotw 8y agoyep ppl have learnt lessons from Venezuela.
- tolle 8y agoIraq actually. Or rather an Iraqi fella. There was an article on it here on Hacker News earlier. https://news.ycombinator.com/item?id=9673157 https://news.ycombinator.com/item?id=9673157
- charlesdm 8y agoBut the yield it generates can?