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Perhaps this could be dismissed as semantics, but saying that we don't subsidize fossil fuels seems to not jibe with the reality that the only countries that ha

Perhaps this could be dismissed as semantics, but saying that we don't subsidize fossil fuels seems to not jibe with the reality that the only countries that have lower gasoline prices in world are countries whose economies are predominantly fossil-fuel based. See https://www.bloomberg.com/graphics/gas-prices/#20184:United-States:USD:g https://www.bloomberg.com/graphics/gas-prices/#20184:United-... If the US gasoline costs were even close to EU levels, (say, 2x what we pay), there'd be an inversion in household energy consumption economics (and it'd be the difference between 2% and 5% of household incomes). EVs wouldn't be just for tree-huggers. Buying from 100% clean electrical sources might be cheaper than "standard" sources.

burfog 7y ago
The US has a large well-unified market with good transportation and local sources of fuel. That cuts costs. Other places, like the EU, don't have all that. They also apply some really extreme taxes. Lack of punitive taxes isn't a subsidy. If the taxes are never imposed in the first place, it isn't even a tax credit. The average gasoline tax in the US is $0.53 per gallon total, combining all taxes. Just the excise tax in Turkey is $4.32 per gallon!!! The average gasoline-specific tax in the 34 advanced economies is $2.62 per gallon, but then a VAT is applied on top of that.