Electric Vehicle Subsidies and Other Fantasies
Electric vehicles (EVs) are the future. Everyone will want one because they’re emission-free, ecologically responsible, and more affordable every year. That’s why GM, Volvo, and other manufacturers will soon be making only EVs. Or so we’re told. Some people have high disposable incomes and do most of their driving locally. For them buying an EV may be a viable choice. Why do the rest of us need mandates and subsidies to “persuade” us to buy EVs, instead of internal combustion engine (ICE) vehicles? Who’s actually getting the subsidies – and who’s paying for them? What other cos...