California Doubles Down on Subsidizing Wealthy Buyers of Electric Cars
18th July 2017
California Assemblyman Phil Ting believes “electric cars are our future,” and he’s willing to spend a lot of taxpayer money to make that future happen.
In what he describes as an “aggressive boost” to the “electric car revolution,” Ting (D–San Francisco) has proposed the creation of a $3 billion fund to subsidize the purchase of electric vehicles, mostly through tax rebates. The legislation has already passed California’s lower house.
California has already spent a bundle on such schemes, which have produced little in the way of electric car adoption while funneling hundreds of millions of dollars to the state’s wealthiest residents.
Democrats: Party of the Rich.