From Transport Evolved.
People have been decrying subsidies for EVs as something that’s unfair – particularly China’s EV subsidies. So you asked us, and we dove right in to the murky world of subsidies to work out who’s getting what…
…and how that compares to what legacy fossil fuels get.
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00:00 – Introduction
01:53 – Background
03:16 – Defining what a subsidy is
06:20 – Economists and subsidies
08:20 – How are cars subsidized (regardless of fuel source)
08:59 – Other ways fossil fuels are subsidized
12:40 – Estimates of US fossil fuel subsides
15:07 – Estimates of EU and UK fossil fuel subsidies
20:23 – Randall Munroeing an estimated total for fossil fuels
20:50 – EV subsidies in China
22:49 – EU EV subsidies
24:06 – US EV subsidies
25:02 – Randall Munroeing a comparison
26:18 – Are EV subsidies effective anyway?
27:12 – Conclusion
27:46 – Thanks and Credits
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Find our postal address: https://www.transportevolved.com
Buy one this month’s T-Shirt: https://www.redbubble.com/shop/ap/163433324
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Script: Kate Walton-Elliott, Nikki Gordon-Bloomfield
Presenter: Kate Walton-Elliott
Editor, Colorist: Kate Walton-Elliott
Art and Animation: Erin Carlie
Producer: Nikki Gordon-Bloomfield
© Transport Evolved LLC, 2024
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Links and References:
Image Credit – Tracy O – CC BY SA 2.0 – https://creativecommons.org/licenses/by-sa/2.0/
https://www.reuters.com/markets/commodities/its-bit-rich-eu-ding-china-over-ev-subsidies-2023-09-14/
https://www.autonews.com/china/china-lavishes-lots-love-evs-subsidies-tax-breaks
https://books.google.com/books?hl=en&lr=&id=xbrOEAAAQBAJ&oi=fnd&pg=PA137&dq=automotive+subsidies+usa&ots=nNBrWAIADx&sig=2R64T7poLpMRPsKNgsFHt1s108Y#v=onepage&q=automotive%20subsidies%20usa&f=false
https://www.theguardian.com/business/2020/oct/05/state-subsidies-for-company-cars-top-32bn-in-uk-and-eu
https://www.sciencedirect.com/science/article/abs/pii/S0967070X08000218
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4644777
https://www.eea.europa.eu/en/analysis/indicators/fossil-fuel-subsidies
https://books.google.com/books?hl=en&lr=&id=FnLYEAAAQBAJ&oi=fnd&pg=PA3&dq=fossil+fuel+subsidies&ots=V-9JvaE-QQ&sig=imXRNYqAEzExmnwEvUcxM4wFNAI#v=onepage&q=fossil%20fuel%20subsidies&f=false
https://www.eesi.org/papers/view/fact-sheet-fossil-fuel-subsidies-a-closer-look-at-tax-breaks-and-societal-costs
https://www.eesi.org/papers/view/fact-sheet-proposals-to-reduce-fossil-fuel-subsidies-january-2024
https://data-explorer.oecd.org/vis?df[ds]=DisseminateFinalDMZ&df[id]=DSD_FFS%40DF_FFS_GBR&df[ag]=OECD.TAD.ADM&dq=A………&pd=2010%2C&to[TIME_PERIOD]=false&ly[cl]=TIME_PERIOD&ly[rs]=MECHANISM&ly[rw]=INSTRUMENT%2CIND_BENEFICIARY%2CSTAGE%2CFUEL_CAT%2CSECTOR&vw=br
https://books.google.com/books?hl=en&lr=&id=FnLYEAAAQBAJ&oi=fnd&pg=PA3&dq=fossil+fuel+subsidies&ots=V-9JvaE-QQ&sig=imXRNYqAEzExmnwEvUcxM4wFNAI#v=onepage&q=fossil%20fuel%20subsidies&f=false
https://www.politico.eu/article/uk-trade-pact-fossil-fuel-subsidies-tariffs-green-goods/#:~:text=Britain%20is%20hosting%20the%20COP26%20summit%20in%20Glasgow.&text=Britain%20currently%20supports%20the%20fossil,latest%20figures%20from%20the%20OECD
Colorado’s efforts fail to protect taxpayers from $6.8 billion in oil and gas well clean up costs
https://www.morganlewis.com/pubs/2024/05/eu-automotive-industry-antitrust-and-regulatory-updates-you-need-to-know
https://www.sciencedirect.com/science/article/abs/pii/S0967070X08000218
https://www.technologyreview.com/2023/02/21/1068880/how-did-china-dominate-electric-cars-policy/
https://alternative-fuels-observatory.ec.europa.eu/transport-mode/road/netherlands/incentives-legislations
https://www.sciencedirect.com/science/article/pii/S0360544222004911
https://www.sciencedirect.com/science/article/pii/S0140988323001391#s0040
