To recap: California’s emissions mandates are so onerous that they require mandates for electric cars that consumers won’t buy without subsidies that go mainly to the wealthy and that are now so expensive that they have become another drain on the state budget. Look for the middle class to be hit with a fee or tax increase to make up the difference.
It’s the WSJ, so it’s probably all a vast lie. My favorite part was this:
Palo Alto-based electric car maker Tesla has made a $119.5 million killing (300% of its net income) this year from hawking its excess credits.
To get more electric cars on the road, the state also offers consumers $2,500 rebates financed by a $20 “smog abatement fee,” which all drivers in the state must pay for their first six registration years. The rebate is on top of the $7,500 federal tax credit and $1,000 or more the state pays drivers to retire their gas guzzlers. The combined government incentives can reduce the price of a Nissan electric Leaf to about $18,000.
But wait: According to state survey data, the typical rebate recipient earns over $150,000 and owns at least one other non-electric car. About 80% hail from the Bay Area, Los Angeles and Orange County. The most popular car among rebate recipients this year has been Tesla’s Model S sports sedan, which runs between about $70,000 and $100,000.
And just because I can’t post this on its own since I’m so worked up, here’s what “they” forget to tell you … (HT: Maggies Farm)
“…seven to eight times as much sexual misconduct takes place in public schools as in the Catholic Church.”
May they all burn and rot in hell. And I mean this from the depths of my cold, doomed soul. (Of course, that is not a scientifically determined figure – nor should it really matter)