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[-] Nurgus@lemmy.world 20 points 5 days ago* (last edited 5 days ago)

Invested their oil wealth in a massive highly diverse sovereign wealth fund generations ago.

Nothing was stopping other countries from doing the same thing. But state investment is "ARGFFHG SOCIALISM BZZZZTT WANT TO BE LIKE VENEZUELA??" so we didn't.

[-] jdr@lemmy.ml 18 points 5 days ago

Nothing was stopping other countries from doing the same thing.

Except for having large quantities of oil, conveniently discovered after the country was stable and industrialized.

[-] Goodlucksil@lemmy.dbzer0.com 5 points 5 days ago
[-] jdr@lemmy.ml 4 points 5 days ago

That is totally correct

[-] Valmond@lemmy.dbzer0.com 1 points 4 days ago

France has very little oil and EV purchases this summer hit around 45%. So it's doable. High oil prices helps ofc :-)

[-] Nurgus@lemmy.world 2 points 5 days ago

Indeed. It's almost like my comment was aimed squarely at certain countries. My own UK and the USA being particularly in mind.

this post was submitted on 07 Oct 2026
304 points (98.4% liked)

Electric Vehicles

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