We're being duped by Big Oil. The worse part is that governments around the world are working tirelessly to make sure the game is rigged in their favor. That's what Lester Brown, president of the Earth Policy Institute, is saying, and he has the numbers to back the statement up.
Germany is joining the ranks of countries (e.g., US, UK, France, Japan, China, and India) that are debating the value of government subsidies and showing frustration with the turtle-like sales pace of electric vehicles (EVs). Germany has plans to subsidize EVs after its next general election to meet its target of one million (sound familiar?) units sold by 2020, but support may be waning. "The question of how we will tackle this during the next legislative period (starting late 2013) and whether
Refiners and blenders pocket 45 cents for every gallon of ethanol blended with gasoline. The subsidy, courtesy of the U.S. government, helps the industry stay afloat amidst the dwindling demand for gasoline and increasing costs of ethanol production. It's been argued that, without the subsidy, the ethanol industry would die a quick death. If a report from BusinessWeek turns out to be true, then the industry might soon be dealt a glancing blow.
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