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No, everything is not fine in Norway. Norway invested a lot on Tesla and to help their investment, they removed taxes and tolls on EVs. Most of Norway's elect
by AntiImperialist 6y ago
No, everything is not fine in Norway.
Norway invested a lot on Tesla and to help their investment, they removed taxes and tolls on EVs.
Most of Norway's electricity comes from hydropower and they have been building wind farms lately.
Meanwhile, Norway's entire economy basically relies on selling crude oil. So, it has been "donating" a lot to anti-oil interests in the U.S. so that the oil prices remain high enough for them to justify more oil exploration. As a counter response, the U.S. has been supporting Greenpeace Norway to try to stop oil exploration in Norway.
The whole thing is a clown show.
The only one who is benefiting from this is China. It produces most of the rare earth minerals required for EVs, makes all of EV parts and makes all the wind turbines.
- speedgoose 6y agoThe VAT has been removed in 2001, the tolls in 1997. Tesla has been created in 2003, but they didn't sell much in Norway until 2013. https://elbil.no/english/norwegian-ev-policy/ https://elbil.no/english/norwegian-ev-policy/ No one will deny that Norway's wealth is related to the oil industry, but no Norway is not relying on selling crude oil. https://en.wikipedia.org/wiki/Economy_of_Norway https://en.wikipedia.org/wiki/Economy_of_Norway I don't know about the funding's of anti-oil interests in the US, do you mean they are not funding competitors but companies that may benefit Norway ? For sure China is doing well on the electric vehicle supply chain, but China isn't the only country making EV parts. Far from that.
- AntiImperialist 6y ago>I don't know about the funding's of anti-oil interests in the US, do you mean they are not funding competitors but companies that may benefit Norway ? No, they fund politicians and lobbies. For example, they funded the Clinton Foundation to buy political favors... which they cut significantly after Clinton lost the 2016 election. The idea was to get the Democrats to push back on fracking, so that the Norwegian oil remains relevant for a longer time. https://www.thelocal.no/20160704/norways-funding-of-clinton-foundation-under-scrutiny https://www.thelocal.no/20160704/norways-funding-of-clinton-...