There’s something incredibly wrong when the ordinary citizens of a neighborhood are robbed through taxation to subsidize electric vehicles for the wealthy.

Electric vehicle (EV) subsidies are an often-overlooked yet pernicious example of handouts to the wealthy disguised as environmentalism.

The federal government provides tax credits of up to $7,500, with states like California kicking in additional breaks of up to $2,500 to entice consumers to buy EVs. Many states also throw in free charging, free parking, and/or access to HOV lanes to further sweeten the pot.

This all sounds like the government generously helping consumers become more eco-savvy … until you realize that these benefits are accruing almost entirely to the wealthiest consumers.

Consider: A 2015 analysis found Tesla owners have an average household income of $320,000, which is over five times the 2016 median US household income of $59,039.

Read more:

http://naturalgasnow.org/robbin-hood-subsidize-electric-vehicles-wealthy/