| bmcgowan13 |
05-05-2024 06:31 PM |
Quote:
Originally Posted by tophcfa
(Post 2327841)
It’s a good first step, but it would be way better if ALL EV tax subsidies were eliminated. If EV’s can sell solely based on their stand alone economics, then they have a useful place in the marketplace. Forcing sals based on taxpayer subsidies and government mandates creates inefficiencies and diverts important private research and development dollars away from potentially better technology alternatives. And why should taxpayers that prioritize vehicle range and performance (towing capacity, 4WD, ground clearance, etc…) have to subsidize the EV crowd?
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The government is trying to protect/promote US industries -- and their workers.
We (the US taxpayer) subsidized/bailed-out Harley Davidson, Fannie Mae, Freddie Mac, Bear-Sterns (2008), Chrysler (1980), the Savings and Loan industry (1989), US Banks (200B), US Airlines (2001), 2008 TARP (700B!), American International Group Inc., (AIG) 2013, Airlines/COVID (2020), etc.
The government subsidies to promote their country's business. The Chinese government (and all US automakers) realize the future is in electric vehicles. The Chinese government subsidies a *lot* of Chinese cars, Sheetrock, steel and businesses--for a pragmatic reason. It makes good business sense. The Chinese spend up to 5% of their entire GDP in subsidies.
I think this has become pretty much a common business practice for businesses nowadays... It helps the US company stay ahead of foreign competition... |
