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> So the lost tax revenues aren't proportional to the price of the car. So what? It’s still lost revenue for the government. 60% of the car sales won’t give an
by vinni2 8y ago
> So the lost tax revenues aren't proportional to the price of the car.
So what? It’s still lost revenue for the government. 60% of the car sales won’t give any taxes. And they still have to maintain roads and infrastructure for all those cars.
They are able to afford because the oil industry creates lots of businesses hotels and jobs and they pay taxes on their income. Which is a huge part of Norwegian economy. Imagine the economy of Norway without oil it would not have been so rich. Probably the closest example is Denmark they already abandoned the tax benefits for EVs. Because it’s a huge part of tax revenue the government can’t simply give up.