Electric cars are one of the federal government’s favorite pet projects, with billions of dollars in various subsidies bestowed on producers, like Elon Musk, and high income buyers every single year. Increasingly, state and local governments have gotten on the subsidy bandwagon as well, offering lucrative production, purchase, parking, and charging benefits to everyone involved. Justifications ring a dime a dozen, ranging from miniscule impacts on global climate to thinly veiled protectionism. Too often, though, taxpayers and consumers are left out of the equation. Subsidies and “green” requirements, after all, inevitably trickle down to everyone else, resulting in higher prices and “accounts payable” to Uncle Sam and taxpayers. » Read Blog
