It's Time to Pull the Taxpayer Plug for Electric Cars
The case for subsidizing electric cars was questionable from the start and is now a boondoggle.
Like many green initiatives promoted by the government and paid for by the American taxpayers, the electric car is more politically than performance or economically driven. Its subsidies and the government-imposed green energy mandates are contrary to the free market principles that undergird our economy.
What emerges most forcefully from experience with the electric car is that subsidies are a waste of taxpayer money. Although the government has provided plenty of help for electric vehicles, there remain major barriers in technology, cost and performance.
As battery technology improves and charging stations proliferate, we will eventually move to an electric-car future.
But the outcome of EV development needs to be like that of the internal combustion engines: the government doesn't have to subsidize regular cars because long ago, it became worthwhile for companies to do it themselves with rebates, discount pricing, and other promotions.
Private businesses will fund new technologies when there is a reasonable chance of commercial success. The private sector is entirely capable of developing EVs and other new automotive technologies without the need for subsidies.
When a new technology is economically viable, then government support is not needed. But if a technology isn't capable of surviving on its own, there's no amount of taxpayer support that will make it so.
It's time to pull the plug on politically motivated taxpayer subsidies for electric cars and see if they can survive on their own in the marketplace.