Do you count the lives lost in wars for oil in that subsidies cost? And the billions spent on said wars? How many lives have been lost giving tax breaks to EV buyers?
And we bring up oil subsides because you bring up EV subsidies.
The IMF says we subsidize it considerably more in both direct and indirect subsidies...
Now we can debate the actual direct and indirect cost of oil, because statistics and math can seemingly be invented for anything. But the real cost of oil isn't just in the direct grants to oil companies, but in the tax breaks and fighting to get cheap oil. I'm leaving out the environmental costs and deaths due to the burning of fossil fuels (the International Monetary Fund does not).The United States has spent more subsidizing fossil fuel in recent years than it has on defense spending, according to a new report from the International Monetary Fund.
The IMF found that direct and indirect subsidies for coal, oil and gas in the U.S. reached $649 billion in 2015. Pentagon spending that same year was $599 billion.
The study defines “subsidy” very broadly, as many economists do. It accounts for the “differences between actual consumer fuel prices and how much consumers would pay if prices fully reflected supply costs plus the taxes needed to reflect environmental costs” and other damage, including premature deaths from air pollution.
These subsidies are largely invisible to the public, and don’t appear in national budgets. But according to the IMF, the world spent $4.7 trillion — or 6.3 percent of global GDP — in 2015 to subsidize fossil fuel use, a figure it estimated rose to $5.2 trillion in 2017. China, which is heavily reliant on coal and has major air-pollution problems, was the largest subsidizer by far, at $1.4 trillion in 2015. But the U.S. ranked second in the world.
As the Atlantic says: "Fossil fuels also produce an enormous amount of energy at a fairly low cost—that’s why we use them in the first place. We depend on them because rich countries, such as the United States, have failed to invest in any other arrangement. But the fossil-fuel companies that have plotted and lobbied and coddled to prevent that investment aren’t doing so to preserve their trillions in subsidies. They want to keep us using their product, without thinking too hard about the cost."