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A comment on Norway to hit 100% electric vehicle sales by early next year. Parent comment

Re:Norway to hit 100% electric vehicle sales by early next year by neverminder on Thursday October 07, 2021 @02:07AM (#28782733)
It's a bit ironic that Norway is able to buy all those electric cars because of all that oil money they make. Production of electric cars still costs more than that of fossil fuel cars.
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Re:Norway to hit 100% electric vehicle sales by early next year by runeks on Thursday October 07, 2021 @02:25AM (#28782885)
How are Norwegians using money from the Oil Fund to buy EVs?
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Re:Norway to hit 100% electric vehicle sales by early next year by theodorton on Thursday October 07, 2021 @03:19AM (#28783233)
Norway has a fiscal deficit every year, in order to cover the deficit we're allowed to spend a couple percent of our holdings in the Oil Fund to. To my understanding, this is done by selling assets on a monthly basis in exchange for Norwegian currency by Norges Bank. [0]

One could argue that the government would not be able to offer subsidies on EVs without that option.

0: https://www.norges-bank.no/en/topics/liquidity-and-markets/F...

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Re:Norway to hit 100% electric vehicle sales by early next year by londons_explore on Thursday October 07, 2021 @02:08AM (#28782744)
"Don't look behind the curtain"
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