The government subsidizes EVs and the auto companies are still having a tough time selling them. From Eric Peters at ericpetersautos.com:
Here’s an obvious thing that never seems to occur to EV apologists: Why is it necessary to pay people to buy them?
That’s what those “tax credits” you’ve no doubt heard about amount to.
Yes, it’s true that the people who qualify for them are merely getting back some of their own money – that would otherwise have been paid (that is, taken) in taxes. It’s still effectively a bribe. In return for buying something you probably otherwise wouldn’t we will give you back some of the money you otherwise would have had to pay the government.
“Tax credits” were not necessary to sell cars that sold – on their merits – like the 1964 Mustang, for instance. It was a new kind of car – the eponymous pony car – that Ford took a gamble on that paid off handsomely. The Mustang has been in continuous production ever since. This year is its 60th anniversary. Millions have been produced over that timespan.
And no one had to be bribed to buy one. As opposed to the “Mustang” Mach E, which is an EV (and isn’t a Mustang any more than mRNA drugs are vaccines).
