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No, electric vehicle sales aren’t dropping. Here’s what’s really going on (www.cnn.com)

submitted 7 months ago by [email protected] to c/[email protected]

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No, electric vehicle sales aren’t dropping. Here’s what’s really going on::Tesla has been slashing prices. Ford just cut the price of its Mustang Mach-E, too, plus it cut back production of its electric pickup. And General Motors is thinking about bringing back plug-in hybrids, arguably a step back from EVs.

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[–] [email protected] 76 points 7 months ago (16 children)

Btw, in Norway 92% of new car sales in January were electric cars, and apparently predictions for February are even higher.

When the infrastructure is there, people appear to have little to no qualms buying electric cars.

[–] [email protected] 36 points 7 months ago* (last edited 7 months ago) (10 children)

Norway has a range of subsidies worth up to half the price of the vehicle and home upgrades plus tax exemptions worth another 25% on top of that.

Which can mean a brand new EV is the same price as an old secondhand ICE.

Incentives like that are a lot easier your entire national population is smaller than some cities.

[–] [email protected] 8 points 7 months ago (4 children)

How does a smaller population make it easier to pay those incentives? Less people also means less tax income and vice versa

[–] [email protected] 1 points 7 months ago (1 children)

Tax rates in general are higher there, and not all taxation scales with population (corporate tax, for instance). It also depends on how the government allocates the money it spends—Norway doesn't have the US's ridiculously inflated military budget.