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They pay their way, but they also transfer indirect costs to the rest of society which are not accounted for in the sort of calculations made in the linked arti
by Brakenshire 11y ago
They pay their way, but they also transfer indirect costs to the rest of society which are not accounted for in the sort of calculations made in the linked article. For instance, in London electric cars are exempt from road tax, and the congestion charge. These would be counted as subsidies, but without taking into account the indirect costs which the subsidies in fact aim to at least partly price in - that is, the impact on health from vehicle internal combustion engines in the city. For instance, exposure to particulate matter is one of the major risk factors for heart attack and cardiovascular disease, and it alone is responsible for over 3000 premature deaths each year, just in London:
https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/332854/PHE_CRCE_010.pdf https://www.gov.uk/government/uploads/system/uploads/attachm...
Then add in the effects of Nitrogen and Sulphur oxides on asthma, emphysema, bronchitis and general respiratory illness. These have direct costs, of loss of productivity and increased hospital admissions, and also impacts on people's lives which cannot be priced into calculations.
None of this is taken into account when you attempt to directly compare one thing to the other based purely on the market price.