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If governments would tax gasoline and oil more than they do today then people would drive less and buy more fuel efficient cars. Car manufacturers would build
by flakeoil 4y ago
If governments would tax gasoline and oil more than they do today then people would drive less and buy more fuel efficient cars.
Car manufacturers would build more fuel efficient cars as that is then what consumers want.
The oil companies would sell less oil and less CO2 is released.
The government could invest the extra tax income on subsidizing electric cars, and fuel efficient cars (and penalize and tax cars that consume a lot), solar panel installations, wind power etc.
More fuel efficient and electric cars come to market. Even less oil is used.
Oil companies will start to put their huge yearly investments into renewable energy instead of oil exploration as it will be more profitable (or at least as profitable as oil used to be).
And we have a positive feedback loop.
Governments just need to give more incentives to consumers, and indirectly to car manufacturers and oil companies, to make the right choices.
Thanks to the war (as unfortunate as the war is) we are going in the right direction. Unless the politicians screw up again and reduce the taxes on oil.