Senator Rehashes Cash For Clunkers To Boost EV Sales - With The Price Of EVs Is There A Case For This?

As we noted on Friday, Senate Minority Leader Chuck Schumer wants to incentivize electric vehicle sales using a scrappage scheme in the mold of Cash For Clunkers. This is a well-intentioned plan and the goal of increasing EV adoption is a good one. It just ignores one serious problem: Cash For Clunkers sucked.
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Agent009 - 10/28/2019 9:43:35 AM

+9 Boost

I seriously doubt Schumer has a clue to what the typical EV costs compared to a fossil fuel alternative.

More of an ego stroke than a stroke of genius.

xjug1987a - 10/28/2019 11:10:34 AM

+8 Boost

Nothing Chuck does is well intended, but only to empower DemonRats n the Fed Gubment. Once we’re all suckered into EVs that’s when they shut off the power... it’s about control ...

wilfred - 10/28/2019 1:05:10 PM

+8 Boost

And where is that $454 billions coming from??

Agent009 - 10/28/2019 1:29:01 PM

+7 Boost

Will you co-sign a loan for him?

MDarringer - 10/28/2019 6:44:11 PM

+7 Boost

This is a tax pure and simple.

The ONLY way that this isn't a tax would be if for every dollar allocated as welfare checks to help rich people to buy EVs that there was a commensurate cut in welfare spending to the freeloaders cranking out babies and shooting meth.

mini22 - 10/29/2019 6:52:56 PM

-6 Boost

Of course its a tax but a necessary one if society is going to make the necessary switch to EV's. But in reality this will only happen of the Dems take back the senate and we get a Dem president. We can thank Donald Trump for pioneering the regular use of Executive orders. The floodgates are now open if a Dem gets in a president.