- shared on May 2, 2018
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Probably the most interesting nugget in this piece: A new study by Pacific Research Institute analyzed where tax credits in the U.S. have gone to. Reviewing the latest figures on tax credits for EV purchases, 79 percent were taken by consumers with annual household incomes greater than $100,000 per year. Extending that out a bit showed that households with $50,000 per year or more made up 99 percent of EV tax credits.
Essentially, this means that electric cars have remained a toy for the rich. Tesla's Model 3 promises a price of $35,000 but works out to $42,000, with bells and whistles. This compares to a starting price of $23,018 for Toyota Camry, America's biggest selling car.