Reply to post: Re: Subsidizing specific technology fails

Tesla share crash amid Republican bid to kill off electric car tax break

MachDiamond Silver badge

Re: Subsidizing specific technology fails

In a "free" society subsidies are the best way to nudge attitudes or technology in a certain direction. The outright banning of things doesn't always work out for the politicians that support the legislation.

The US Federal Tax credit for purchasing an EV should have had a purchase price limit, but since it does place a limit of 200,000 vehicles per manufacturer, it at least isn't open ended. It should be remembered that Tesla isn't given this money, the purchaser is allowed to take the credit in the tax year that they purchase the car with no carry over. If they don't have $7.500 in Federal Tax due, they lose out on whatever might be left. Tesla or any other manufacturer gets a nominal price advantage if they still have vouchers ready to hand, but the buyer still has to pay the full invoice for the car including finance charges.

How does a country that professes to be free and democratic reduce the emissions of pollutants and greenhouse gases as promised in international accords and treaties? Fine companies that are in heavy industries so they relocate to other parts of the world? Pass laws to restrict citizens from driving over a certain number of miles without an approved permit? No. Policies have to be formulated that make it financially more prudent to replace something that pollutes with something that pollutes less. There aren't enough "greens" to make much of a difference other than in noise levels in public spaces. Money talks, hippies………… well, hippies sing songs and get stoned rather than "Walk" so the saying sort of breaks down. I'll just say that more people are motivated by their wallets than their beliefs.

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