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A comment on Electric cars: The death of the internal combustion engine. Parent comment

Re:Electric cars: The death of the internal combustion engine by SoMisanthrope on Friday August 11, 2017 @12:37PM (#14991604)
The federal government does not directly subsidize fossil fuel production, distribution or consumption. The government allows for losses, due to failed exploration. Not every well that you drill, brings in oil; or brings in sufficient oil to make that endeavor profitable. Any cost-offsets are in place to help ease the pain of failed wells.
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Re:Electric cars: The death of the internal combustion engine by madengr on Friday August 11, 2017 @05:22PM (#14994424)
So the $7,500 tax credit for an EV buyer is a subsidy? Yet the tax write-off for a failed well is not a subsidy?

Anyway, I think the whole idea of a tax savings classified as a subsidy is ludicrous. It's as if the federal government owns 100% of may paycheck, and the 70% they allow me to keep is then a subsidy.

[ Parent | on HN ]