Monday, July 25, 2022

Subsidies for Overpriced Electric Vehicles: Is This Really An Innovative Climate Change Policy?

 Where does it stop? How about subsidies for Overpriced houses? 

"...The subsidy offers a $100,000 rebate for several Lion truck models, including the Lion6, which retails for $300,000 to $350,000, Bédard said. Customers can also get $150,000 in funding for the Lion8T, which retails for $550,000 to $600,000.

While subsidies for EVs have proven to be popular, it’s not always clear whether the incentives are boosting demand or providing a benefit for relatively wealthy buyers who would have purchased the vehicles anyway..."

https://financialpost.com/commodities/energy/electric-vehicles/lion-electric-ceo-predicts-ottawas-new-ev-truck-subsidy-will-boost-demand

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