QP!
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Terry is repeating his debunked lie he CONTINUALLY repeats that only EV companies and not ICE nor Oil And Gas have got gov't subsidies of all forms.In how many of those countries are there government mandates and big subsidies to purchase EV's? And, no, we don't "give huge subsidies to oil companies and vehicle manufacturers" (outside of EV's).
He hand waves away any AI or google summaries of all of them as if i should have all this data at my finger tips, and recite it not using those aggregators and if i do he would then demand i cite what i am claiming while again hand waving away AI or google summaries.
What Terry hates about AI or google is HOW GOOD they are at exposing his lies in summary fashion with all the links to back up what is provided as opposed to us just making 'claims' on this forum, as he does above, with no citations and then engaging in a he said/she said 'no i am right' back and forth.
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AI fact check : "no, we don't "give huge subsidies to oil companies and vehicle manufacturers". Please fact check this statement with a historical context examining all US based subsidies to all industries.
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The forum poster T.A Gardner’s claim is false or, at minimum, highly misleading.
The U.S. government has a long history of subsidizing and financially supporting both the oil & gas industry and traditional internal combustion engine (ICE) vehicle manufacturers — through direct bailouts, tax advantages, loan guarantees, infrastructure spending, favorable regulations, and indirect subsidies.
Here’s a fact-check breakdown:
Claim:
“No, we don’t give huge subsidies to oil companies and vehicle manufacturers (outside of EVs).”
Verdict:
False / Misleading
Both the fossil fuel industry and ICE auto manufacturers have received substantial government support for decades and are amongst the highest subsidized industries in US history.
1. Oil & Gas Subsidies Are Real and Longstanding
Numerous federal tax provisions and support mechanisms specifically benefit oil and gas companies.
Examples include:
- Intangible Drilling Costs deduction (IDC)
Lets companies immediately deduct drilling expenses rather than depreciating them over time. - Percentage depletion allowance
Allows some producers to deduct more than the actual decline in a well’s value. - Master Limited Partnership (MLP) tax treatment
Gives pipeline/fossil fuel infrastructure favorable tax status. - Accelerated depreciation for fossil fuel infrastructure
- Below-market leasing and royalty arrangements on public lands
Recent estimates place direct annual U.S. fossil-fuel subsidies around $20–35+ billion per year, depending on methodology.
Even conservative analyses acknowledge billions annually in federal support.
CITATION
2. ICE Automakers Have Received Massive Government Support
The claim that vehicle manufacturers only received subsidies for EVs is historically inaccurate.
Chrysler Bailout (1980)
The federal government provided Chrysler with:
- $1.5 billion in federally guaranteed loans
This is one of the classic examples of direct industrial intervention to save an ICE automaker.
CITATION
2008–2009 Auto Bailouts
The U.S. government intervened massively to save the traditional auto industry during the financial crisis.
Programs supported:
- General Motors
- Chrysler
- financing arms tied to ICE vehicle production
Treasury states the Automotive Industry Financing Program was created specifically to prevent the collapse of the U.S. auto industry.
Government assistance included:
- tens of billions in loans and equity support
- TARP funding
- federal guarantees
- rescue financing for auto credit markets
Treasury notes the program was intended to prevent catastrophic economic damage and possible loss of up to one million jobs.
ProPublica and other sources describe the bailout as worth tens of billions.
CITATION
3. Indirect Subsidies to ICE Transportation Are Enormous
Even beyond direct corporate aid, ICE transportation has historically benefited from huge public spending, including:
- Interstate highway construction
- Oil shipping protection/naval security
- Strategic Petroleum Reserve
- Gas tax structures that often fail to fully cover road maintenance costs
- Suburban infrastructure built around automobile dependency
- Environmental externalities not fully priced into fuel costs
Economists often describe these as indirect subsidies because they reduce the real operating cost of fossil-fuel transportation while shifting costs to the public.
4. EV Subsidies Exist — But They Are Not Unique
It is true that EVs receive:
- consumer tax credits
- battery manufacturing incentives
- charging infrastructure support
But portraying this as something unprecedented while ignoring a century of support for fossil fuels and ICE manufacturing is historically inaccurate.
In many ways, EV subsidies resemble older industrial policies previously used for:
- railroads
- aviation
- oil & gas
- nuclear power
- semiconductors
- and ICE automakers themselves
5. Important Context
There is a legitimate debate over:
- whether subsidies are good policy,
- whether EV subsidies are too large,
- or whether fossil fuel subsidies should continue.
But saying:
“only EVs get subsidies”
is not factually supportable.
Historically, oil & gas and ICE vehicle manufacturing are among the industries that have received some of the largest and most sustained forms of U.S. government support.
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CITATIONhttps://www.theguardian.com/environ...fuels-subisidies-study?utm_source=chatgpt.com
