Government spending

The risky business of electric vehicles

Reproduced from IEA; Note: Government incentives includes direct spending and tax expenditures; Chart: Axios Visuals

A new International Energy Agency analysis finds that governments account for nearly one-fifth of global spending on electric vehicle purchases.

Why it matters: "The ability of governments to stabilize and then reduce their share of total EV spending will be a key test of the sustainability of the EV market in coming years," 2 analysts write in the Oct. 10 commentary.

The shift in higher education funding since the Great Recession

raduates sit in a tent on the premises of the University of Mannheim during a Master's graduate party. Photo: Silas Stein/dpa (Photo by Silas Stein/picture alliance via Getty Images)
Photo: Silas Stein/picture alliance via Getty Images

The federal government has had to shoulder more of the country's higher education costs as state investments have declined the past 20 years — and especially after 2008's Great Recession — an analysis from the Pew Charitable Trusts shows.

The state of play: Education funding has experienced a large shift as federal funding programs based on student need surged while state funding for research and public universities withered.