Electric Car Incentives Only For Rich?

I found an interesting article about the fact that he believes government subsidies for electric are only for the rich.

This statement does make sense in the early stages of selling electric cars.  The technology is still in its infancy and it’s main competition has been established for many decades.  So we need an incentive for consumers to begin buying these cars, especially after seeing the massive damage oil is having on our country. And who is going to be buying these cars?  Of course it will initially be those who have the money to spend on a car that is slightly more expensive and requires an electrical charge station in their homes.

Though this statement may be true, you can say the same thing about every major technology that has come our way.  Whether it be the origination of the automobile, computers, cell phones and many more.  All were originally owned by those who had more money, but expanded as the technology became cheaper.

This same logic will apply for Electric Vehicles as well.  As soon as battery technology becomes cheaper, manufacturers will be able to produce cars at competitive prices(if not lower) with traditional gas vehicles.  If that takes some initial incentives by the government, then I am willing to allow the “rich” to benefit initially.

After looking at this entire oil spill situation, I don’t see how anybody can still make an argument against having EV’s being mainstream as soon as possible.  I’m sure many Americans probably feel the same way as I do are are ready to help rid our country gas cars.

What are you thoughts on whether or not electric car tax incentives are only for the rich?

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  1. I think that you are correct when saying it isn’t that they are only for the rich, it’s that the product is more attainable by the rich therefor they will benefit from this before others will.

    • lingerie
    • June 9th, 2010

    I think we have a long way to go before it gets common, its a massive change and technology is still being developed to maximize its purpose. So any grant or incentive at this level would not be fully used

    • Lauralee Hensley
    • June 9th, 2010

    I don’t mind. Anything to get the ball rolling will hwlp.

  2. I don’t know how the electric car incentives work, but a lot of times, tax incentives are not useful for the “little people.” In a sense, though, the people who need to save money on gas are the ones who ought to get a little help in buying a car that’s more expensive than a gas vehicle. My husband and I debated for about two months between the Prius and the Scion xB. We’d probably still be debating, but the AC was out in our 13-year-old car, and summer was coming! In the end, we chose the Scion in large part because the Prius payment would have been higher than our mortgage payment. We are both looking forward to the time when we can buy an electric car.

  3. Yes for now I agree that electric car incentives are mostly for the rich. Technology is quickly advancing though. Many manufacturers do at least make a hybrid by now. Soon they will all be making electric cars too.

    Unfortunately there are problems with switching over to being reliant more on electricity. Many electricity grids are outdated and would get overloaded with the extra energy use. Most sources of electric power produce at least some pollution or affect the environment in other ways. To switch over they would need increase electricity production significantly.

  4. I think he sort of has is argument revered. The tax incentives are in place so that the technology is affordable. Yes it’s a shame that cleaner technology is initially so expensive to the point that only “the rich” can afford it in the beginning but thats why the tax incentives are there to get the rich and those that can afford it to popularize the technology and drive down the costs.

    You know, more attention should be drawn to incentives that are available for much more affordable technology that also have a big environmental, monetary impact. For example, this online calculator (http://calcs.greenzu.com/light-savings) links you to local rebates available for energy efficient light bulbs making it easier to pay off this kind of switch.

    I;m sure there are tons more incentives out there they just need more attention! Clean tech CAN be affordable…

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