4 ms·
I'm not really a fan of big government or over-arching government regulation -- in fact I consider myself a (little-l) libertarian of sorts. However: This is
by lsllc 5y ago
I'm not really a fan of big government or over-arching government regulation -- in fact I consider myself a (little-l) libertarian of sorts.
However: This is EXACTLY the role (and responsibility) of government. Capitalism cannot be left to drive this, the externalities here are far to great and critical to the future of this planet -- if we leave it to the car companies we'll still be driving cars with I/C engine in 100 years (assuming we haven't choked to death on the CO2).
We need BIG incentives for ordinary people to be able to buy and use EVs, and for companies to develop EVs and produce them. As much as Tesla has pushed the curve, the 30% tax credit we had for a $120K car isn't going to help anyone but the wealthy. Although the Model 3 is much more affordable it's still out of reach for most median income families (esp. after paying $3-5K for a charger to be installed).
Companies like Toyota are doing this because they dropped the ball on their own EV development and should be called out and admonished for hindering this.