- 7/30/10, "Unaffordable at any speed, President Obama's electric car subsidies are snobby and foolish," Slate, by Charles Jones
- Still, this little runabout is a rich man's ride.
- Where does the federal government get off spending the average person's tax dollars to help better-off-than-average Americans
- buy expensive new cars?
President Obama's ostensible goals are reducing both carbon emissions and the nation's dependence on foreign oil and creating "green" jobs. But it's far from clear that his program will actually achieve these laudable aims at a reasonable cost.
- And there are cheaper, more equitable policies. You might call the president's subsidies limousine liberalism—if only the cars were bigger.
How rarefied is the electric-car demographic? When Deloitte Consulting interviewed industry experts and 2,000 potential buyers, it found that from now until 2020,
- only "young, very high income individuals"—those from households making more than $200,000 a year—
would even be interested in plug-in hybrids or all-electric cars. This "small number" of people will provide "nowhere near the volume needed for mass adoption."
- They will be concentrated in Southern California, where weather, state regulations, and infrastructure are all favorable to electric vehicles—
"adoption is already being popularized by high-profile celebrities.""...
- 8/2, "Green Machine: Plug-Free Electric Cars' Hidden Cost," New Scientist
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