Tuesday, April 28, 2009

FT: EV subsidies a waste

Yesterday's Financial Times had a great companion piece to the idiocy in today Post. The UK announced a £5000 incentive for EV beginning in 2011. After recognizing that the intent of such a subsidy is to "encourage early adopters of the technology, helping electric car manufacturers achieve economies of scale," author Richard Pike suggests a reason to oppose it is that "it would cost more than £150bn to subsidize Britain’s entire car fleet," a proposal no one has made.

Read it here.

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