Norway on track to be first to go all-electric
www.bbc.com
Nine in 10 new cars in the country are now battery-powered, and it aims to hit 100% later this year.

“Norway is the world leader when it comes to the take up of electric cars, which last year accounted for nine out of 10 new vehicles sold in the country.”

  • cabbage@piefed.socialEnglish
    12·
    8 hours ago

    Money is taken from the sovreign wealth fund every year. However, it is not taken from the savings, but from interest. A maximum of 3% of the funds value can enter the budget, as decided by the budgetary rule.

    Oil also makes people richer because it provides industry and jobs.

    However, the reason people can afford electric vehicles is that they are excempt from value-added tax. VAT on new cars is quite high in Norway, so if this shaves $40 000 off the price of a new car it obviously makes them more lucrative by comparison.

    It’s a political decision, it’s not that all Norwegians walk around with fuck you money and buy the most expensive cars on the market just for fun.

    • anti_lib@lemmy.cafeEnglish
      21·
      6 hours ago

      Interest they get from their investments in companies like Solvay, Coca-Cola and Pfizer.

      • cabbage@piefed.socialEnglish
        2·
        5 hours ago

        Not sure what point you’re making, but it is indeed invested in a bunch of companies.

        It’s all listed here. Microsoft, Apple, Nvidia, Google/Alphabet, Amazon, and Meta are the biggest ones. Nestle, Exxon, Shell, UnitedHealth, and Tesla are some other good ones if you’re looking for evil companies.