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Norway is very gifted with natural resources, especially energy. They can cover their whole eletricity demand by hydropower, but this energy is difficult to exp
by jansan 5y ago
Norway is very gifted with natural resources, especially energy. They can cover their whole eletricity demand by hydropower, but this energy is difficult to export. Not so the oil they produce. So what should they do for maximum profit? Make the locals use electricity instead of fossil fuel by raising fossil fuel tax and providing incentives to purchase EVs. And export all that fossil fuel.
For Norway heavily subsidizing EVs makes sense from a purely economic point of view, no green agenda required.
- gamegoblin 5y agoIt can be difficult to export energy, but a way to do it indirectly is to attract lots of energy intensive industry and then export those products. The classic example is aluminum smelting. Norway has comparable aluminum smelting capacity as much larger countries such as Australia or Brazil.