- Late last week, the CBO analyzed the outcomes of the green-tech subsidy programs aimed at promoting EVs like the Volt, and concluded that they’re not exactly successful.
- the outcome is the same as Cash for Clunkers and the gimmicky homebuyer tax credits in the first two years of the Obama administration. They aren’t driving demand; they are subsidizing purchases that would have taken place anyway.
- But at least the sales reduce pollution. Or do they? [ comment: rhetorical question, they don't]
- core economic problems with EVs and even hybrids:
- Sustained value [ comment : NONE, no trade in value because of expensive batteries]
- Energy [ comment: not any cleaner, and is actually dirtier]
- Environment [ comment: makes a point about rare earths, but rare earths aren't rare in USA. The mining of them is BEING BLOCKED]
- These are among the reasons that Toyota has all but abandoned plans to push an EV for wide distribution
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