Katie Tubb and Rachel Greszler write in The Daily Signal on how proposed electric vehicle tax credits benefit unions and wealthy individuals, not the environment.
- Electric vehicle tax credits are paid for by middle and lower class taxpayers and overwhelmingly favor wealthy consumers who can already afford an EV.
- Some of the tax credits proposed would increase government oversight and regulations, driving up costs on taxpayers and stifling investments in innovation.
- Instead of relying on subsidies that distort market values, we should look to free markets and the innovation of the private sector to lower costs for consumers.
Read the full article here.
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