subsidy

Richard York, of the University of Oregon, is seen marveling in the film at the self-willed blindness of the U.S. policy community to a simple question: Do clean-energy subsidies result in fossil fuels being displaced?

However, political consensus on the goal has since broken down, with the Conservatives announcing last week they would axe the legally binding target, end subsidies for renewables and ditch taxes on carbon emissions.

Rather than 'trimming the fat', as some politicians delicately put it, he said he would take a chainsaw to ministries, subsidies and the ruling political class he derided as "la casta" - the caste.

In a regulatory filing, the company said that EV sales are expected to fall with the end of government-funded subsidies and regulatory mandates that fueled EV growth.

Essential services with no revenue stream, on the other hand, will always require public subsidies because the projects cannot be sustained by market demand alone.