Time To Pull The Plug On Electric Vehicle Handouts For The Rich

Posted: September 23, 2018 by oldbrew in government, Subsidies, Travel
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How long does an introductory incentive period for EVs have to go on for? The hefty subsidies have to come out of finite state budgets.

PA Pundits - International

By Nicolas Loris and David Grogan ~

Earlier this year, Congress passed an irresponsible budget bill that included handouts for electric vehicle owners and alternative fuels.

Eager to frivolously waste more taxpayer dollars, some legislators are now pushing to extend the electric vehicle tax credit and lift the cap on the number of vehicles that qualify for the credit by each manufacturer.

In 2014, 79 percent of electric vehicle tax credits went to households making over $100,000. (Photo: nrqemi/Getty Images)

Doing so would reward special interests and only benefit the wealthiest Americans. Congress should instead eliminate the subsidies for electric vehicles.

Promoted as a way to wean Americans off their alleged addiction to oil, both federal and state governments have generous handouts for electric vehicles. Consumers can use up to $7,500 of other peoples’ money to buy an electric vehicle.

Add in-state and local incentives and that number can easily top…

View original post 668 more words

Comments
  1. ivan says:

    This is a typical case of the rich getting richer while the poor struggle to pay for it. If electricity costs rise because higher demand from electric cars and the infrastructure can’t meet the demand maybe those with electric cars should pay 500% more for their electricity.

    Is it any wonder that the average person clings on to FF powered cars with their longer range and faster refuelling.

    Electric vehicles were tried in the 1800s and died then for essentially the same reason they will die today. The only reasonably successful electric transport was the British electric milk float but even they have gone now because of costs, mainly electricity for charging.

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