💰 2x Growth in Dutch Education Spend. $20K EV Subsidies. US Health Spending.
Chart of the Day #181 looks at Education Budgets, Electric Vehicles and Health Expenditure
Zdravo 🍷
India's cabinet approved the PM E-DRIVE scheme, investing 109 billion rupees ($1.3 billion) in electric vehicles, including 14,028 electric buses, aiming for 30% EV sales by 2030. Several hospitals in the US have announced significant layoffs in the past month due to reasons including consumer behavior changes.
Today's Topics
💰 Education Budget. Dutch education spend doubled in 10 years
🚗 Electric Vehicles. $20k EV subsidies in Norway
⚕️ Health Expenditure. US leads global health expenditure
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💰 Dutch Education Spend Doubled in 10 Years
From 2002 to 2022, Dutch government spending on education doubled, growing from €24.3 billion to €51.4 billion. The €4.7 billion jump between 2020 and 2021 reflects efforts to address pandemic-related challenges, enhance digital learning, and reduce disparities. This significant investment aligns with long-term goals of fostering innovation, lifelong learning, and preparing a competitive, highly skilled workforce.
🚗 $20K EV Subsidies in Norway
In 2022, Norway led global EV subsidies with $20,360 per purchase, far exceeding Singapore ($11,533) and the US ($7,500). This aligns with Norway's goal of selling only zero-emission vehicles by 2025, driven by financial incentives and infrastructure investments, contributing to over 86% of new car sales being electric in 2021.
⚕️ US Leads Global Health Expenditure
In 2022, health expenditure as a percentage of GDP varied widely, with the US at 16.6%, Germany at 12.7%, and France at 11.9%. In contrast, India spent just 3%, Türkiye 4.3%, and China 5.7%. This disparity highlights a gap in healthcare funding, impacting access and quality, and stressing the need for increased investment in lower-spending countries to enhance health outcomes and economic productivity.
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