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Electric Car Subsidies As Handouts For the Rich

August 1st, 2010 08:36 admin Leave a comment Go to comments

Atypical Geek writes “Charles Lane, writing for Slate, argues that subsidies for electric cars are an example of ‘limousine liberalism’ — a lavish gift for well-off Americans to buy expensive cars for the sake of appearing green. From the article: ‘How rarefied is the electric-car demographic? When Deloitte Consulting interviewed industry experts and 2,000 potential buyers, it found that from now until 2020, only “young, very high income individuals” — from households making more than $200,000 a year — would even be interested in plug-in hybrids or all-electric cars.’
Lane also takes issue with the billions of dollars in subsidies offered to automakers for the manufacture of batteries, arguing that research (warning, PDF) concludes that the money will not help in jump-starting the economies of scale that will drive down prices. At least, not as much or as quickly as the President has argued.”

Source: Electric Car Subsidies As Handouts For the Rich

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