$35 Billion: UK Faces Huge Loss From Electric Vehicle Adoption

October 16, 2019/in /by Rudolf Huber

I wonder why nobody ever thinks of this. I know that the renewable and EV enthusiasts claim that fossil energy is subsidized but in reality, they are massive revenue items for the government of any industrial nation. Take away taxes on fossil fuels and vehicles and the amount of money available for all kinds of perks drops. Pay subsidies to EV’s and other Greenie pet projects and see a massive expense item that comes on top of falling revenues. There is only two ways. Higher taxes or massive social spending cuts. What’s it going to be?

From Oilprice.com Jon LeSage – Oct 12, 2019, 4:00 PM CDT If Great Britain keeps its commitment to switch over its vehicles to electric by 2050, the government will see a whopping loss of 28…

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