Frustrated with General Motors Co.'s recent announcement of plant closures and layoffs, President Donald Trump said the administration is now looking at cutting at subsidies to the automaker, including for electric vehicles.
Electric vehicle handouts subsidize the wealthiest Americans and, despite their being advertised as a more "Climate-friendly" option, they produce next to no climate benefit for the planet.
Trump does not quite have the power to cut GM's current electric vehicles subsidies full stop.
Whether it's a mandate to blend corn into our fuel supply or a government-backed loan for an electric vehicle company, each time the government presses its thumbs on the scales to direct investment, it disempowers consumers and impedes innovation.
Families will be better served when Washington isn't telling consumers what type of vehicle to buy and why, especially when politicians, bureaucrats, and other so-called "Experts" get those justifications for switching to alternative vehicles flat-out wrong.
According to recent data compiled by analysts at Bloomberg New Energy Finance, "An electric vehicle in Germany would take more than 10 years to break even with an efficient combustion engine's emissions." Mining of materials for, and the manufacturing of, lithium-ion batteries is quite carbon dioxide intensive.
The subsidies accrue to carmakers and America's wealthiest households, which can also afford an electric vehicle without any help from other taxpayers.
https://www.dailysignal.com/2018/12/03/unplug-electric-vehicle-subsidies-and-let-consumers-decide/
Electric vehicle handouts subsidize the wealthiest Americans and, despite their being advertised as a more "Climate-friendly" option, they produce next to no climate benefit for the planet.
Trump does not quite have the power to cut GM's current electric vehicles subsidies full stop.
Whether it's a mandate to blend corn into our fuel supply or a government-backed loan for an electric vehicle company, each time the government presses its thumbs on the scales to direct investment, it disempowers consumers and impedes innovation.
Families will be better served when Washington isn't telling consumers what type of vehicle to buy and why, especially when politicians, bureaucrats, and other so-called "Experts" get those justifications for switching to alternative vehicles flat-out wrong.
According to recent data compiled by analysts at Bloomberg New Energy Finance, "An electric vehicle in Germany would take more than 10 years to break even with an efficient combustion engine's emissions." Mining of materials for, and the manufacturing of, lithium-ion batteries is quite carbon dioxide intensive.
The subsidies accrue to carmakers and America's wealthiest households, which can also afford an electric vehicle without any help from other taxpayers.
https://www.dailysignal.com/2018/12/03/unplug-electric-vehicle-subsidies-and-let-consumers-decide/
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