White House seeks to end subsidies for electric cars, renewables

Re:White House seeks to end subsidies for electric cars, ren... by r00fus on Monday December 03, 2018 @07:56PM (#18594830)

Petroleum industry gets tons of subsidies. I think there's a reddit out there somewhere with a list of the tax deductions that are specifically for Big Oil. It's like 2 dozen or so.

And that's just the stuff that's out in the open.

All of that subsidizes any ICE car.

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Re:White House seeks to end subsidies for electric cars, ren... by abtinf on Monday December 03, 2018 @08:55PM (#18595226)

While I disagree that oil subsidies equate to ICE subsidies, I’d appreciate a link if you think it has good information.

I’ve attempted to research this issue before, but the information I’ve found is very poor. A common problem is grossly inflated figures that include deductions that apply to every business.

Also, I haven’t found a resource that accounts for the full tax load on oil. For example, electrics are not subject to the sizable per-gallon taxes on gas and diesel, which means ICE cars are subsidizing electric’s road usage.

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Re:White House seeks to end subsidies for electric cars, ren... by prostoalex on Monday December 03, 2018 @09:26PM (#18595483)

The oil depletion allowance (curtailed since its glory days) was a major one, at some point allowing the deduction to continue way past the original well investment was recuperated.

As far as the modern state of tax incentives - https://www2.deloitte.com/content/dam/Deloitte/us/Documents/... and discussion of the current carveouts https://www.wsj.com/articles/does-the-oil-and-gas-industry-s...

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