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11th
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Swedish researchers say fuel prices should be about 3.5 times higher -- based on a 900% increase in carbon taxes -- if the country is to achieve a vehicle fleet independent of fossil fuels by 2030, as it was envisioned four years ago.
"We want to make it clear what needs to be done in order to achieve the government's vision of a vehicle fleet that is independent of fossil fuels," Eva Samakovlis, researcher at Sweden's National Institute of Economic Research, told the Dagens Nyheter newspaper. "These are drastic measures that come with large economic costs and that can be hard to implement."
Sweden is already one of the countries with the highest fuel prices; a single litre costs the equivalent of about $2.35. A 900% tax hike would push prices beyond $7.00.
Source: caradisiac.com
"We want to make it clear what needs to be done in order to achieve the government's vision of a vehicle fleet that is independent of fossil fuels," Eva Samakovlis, researcher at Sweden's National Institute of Economic Research, told the Dagens Nyheter newspaper. "These are drastic measures that come with large economic costs and that can be hard to implement."
Sweden is already one of the countries with the highest fuel prices; a single litre costs the equivalent of about $2.35. A 900% tax hike would push prices beyond $7.00.
Source: caradisiac.com