3 ms·
taxation of petrol in the UK. As a counter example look at Norway. To a first approximation no one in Norway is buying a new petrol car. The taxes are simply
by dagw 5y ago
taxation of petrol in the UK.
As a counter example look at Norway. To a first approximation no one in Norway is buying a new petrol car. The taxes are simply too high compared to electric cars. So obviously there exists a level where people will switch out of their own short term financial self interest, without having to make an environmental argument.
- nicoburns 5y agoYep, this is basically my view: taxing the externality would absolutely work. But the taxation rate needs to be pretty high!