196
[Cars] Norway on track to be first to go all-electric
(www.bbc.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 13 Jan 2025
196 points (95.4% liked)
Green Energy
2964 readers
78 users here now
Everything about energy production and storage.
Related communities:
founded 3 years ago
MODERATORS
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.
Interest they get from their investments in companies like Solvay, Coca-Cola and Pfizer.
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.
Microsoft, apple, google, amazon and meta ARE evil companies though