Thursday, July 23, 2015

Here is more proof that cars are not "free-market" but are subsidized

Emirates 24|7: "Car ownership in the UAE stands at 480 per 1,000 people, one of the highest rates in the world.

Hot weather, superb roads infrastructure, and availability of relatively cheap fuel are certainly incentives to own and drive a car in the UAE.

As of August 1, 2015, fuel prices will no longer be regulated and a new pricing policy linked to global prices will be adopted."

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