How can one justify in Sweden that total subsidies for public green energy initiatives being approximately 8.2 billion SEK per year? Electric cars at market price typically cost an average of 500,000 SEK which is above household budgets.
Last Updated: 02.07.2025 04:50
I agree that the price of EV’s in Sweden represents a larger percentage of average income than in the USA. Probably because Sweden doesn’t make their own EV’s and importing such things isn’t cheap.
So - since not many people here know much about Sweden’s economics - let’s do a quick translation into US dollars. The conversion rate is about 10 SEK to the dollar.
500,000 SEK for an EV is $50,000 US…that’s about the cost of a mid-range Tesla Model Y in the USA,
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But the Swedish government’s expenditure on green energy initiatives doesn’t seem too outrageous.
CONCLUSIONS:
Sweden’s population is about 10 million - compared to 330 million in the USA. So this initiative in Sweden is costing about $82 per person per year. Which is about 0.17% of each person’s income.
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And the 8.2 billion SEK spent on public green energy is about $820 million US.
Average salary in Sweden is SEK 481, 200 which is about $48,000 US. The average salary in the USA is $59,428 - .