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More regions have recently reduced government-financed incentive programs for electric vehicles to save money, but many of these same areas are already paying far more to support the oil and gas industry. As much as $5.3 trillion is spent annually worldwide to subsidize fossil fuels, according to a new report from the International Monetary Fund. […]

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Critics of plug-in vehicle subsidization observe consumers and manufacturers get favorable treatment over the conventional vehicle space and while arguably true, one might also ask how things compare to what the oil industry receives year after year. More pointedly, one could also ask whether accusations against alternative energy subsidization are a byproduct of vitriolic politics […]

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