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Should government subsidize car companies that produce electric vehicles?

Should government subsidize car companies that produce electric vehicles?

General – Subsidies

Electric Vehicles — Tax credits and other incentives (2019)

The current state of electric vehicle subsidies (2019)

Pro —  Electric Vehicles Good

Why electric vehicles?

UCS electric vehicles

Yes, electric cars will be cheaper (2019)

Pro — Government Subsidies Good

Do electric vehicles need subsidies? (2018). Battery electric vehicles (BEVs) are an important pathway for decarbonizing transportation and reducing petroleum dependence. Although one barrier to adoption is the higher purchase priceadvocates suggest that fueland maintenance savings can make BEVs economical over time. To assess this empirically, this paper analyzes the five-year Total Cost of Ownership (TCO) for conventional, hybrid, and electric vehicles in 14 U.S. citiesfrom 2011 to 2015. Results show spatial variation due to differences in state and local policies, fuel prices, insurance and maintenance costsdepreciation rates, and vehicle miles traveled. Yet in nearly all cities, the BEV’s higher purchase price and rapid depreciation outweighed its fuel savings. Extensive sensitivity analyses highlight the impact of key parameters and show that both federal and state incentives were necessary for BEVs to be cost competitive. Future BEV cost competitiveness may improve if innovation and scaling lead to significantly reduced BEV purchase prices, but our analysis suggests that it will be challenging for BEVs to achieve unsubsidized cost competitiveness except in the most optimistic scenarios.

Accelerating US leadership in electric vehicles (2017)

Con — Government subsidies bad

Electric car subsidies aren’t all they are cracked up to be (2019)

EV subsidies: Inefficient and Inequitable (2019)

Congress should let EV subsidies die (2019)

Congress should end EV subsidies (2019)

Rich people don’t need your money to buy EVs (2019)

The high cost of EV subsidies (2019)