California Subsidizes the Golden State’s Wealthiest and Most Trendy

Only wealthiest and most trendy in California buy the already subsidize electric vehicle, but its the low to middle class footing the infrastructure bill.

Last week the California Public Utilities Commission unanimously approved over $768 million to build electric vehicle (EV) infrastructure and EV use and very kindly stuck ratepayers with the bill.

While news coverage, and the Commissioner, touted California’s leadership and vision, they failed to account for several realities.

The first is that electric vehicles are still largely restricted to wealthier households. A recent EIA report found that 67% of EVs were purchased by households with $100,000 or more in annual income. This echoes numerous other studies that have found that EVs are disproportionately purchased by wealthy households and therefore subsidies, tax credits, and benefits disproportionately accrue to those same households, effectively penalizing the low and middle class families whose tax dollars go to provide these benefits.

Read more:

http://naturalgasnow.org/california-subsidizes-golden-states-wealthiest-trendy/

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