Rebates for electric clunkers?

“The sizable subsidies at the federal and state level have likely pushed a number of people into an electric vehicle who otherwise would have purchased a traditional car. The lions’ share of these rebates went to higher income households, since EVs, even after the rebate, are out of low-income households’ price range. So, one can make an efficiency argument in favor of these subsidies for new vehicles.

The sizable subsidies at the federal and state level have likely pushed a number of people into an electric vehicle who otherwise would have purchased a traditional car. The lions’ share of these rebates went to higher income households, since EVs, even after the rebate, are out of low-income households’ price range. So, one can make an efficiency argument in favor of these subsidies for new vehicles.”

Click here to read more from The Energy Collective.

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