Home > Alternative Energy, Climate Change, Idoicy, Sacred Cow > Even the Washington Post says “Enough”

Even the Washington Post says “Enough”

OVERCHARGED

“Taxpayers will no longer have shell out roughly $6 billion per year for a program that badly distorted the global grain market, artificially raised the cost of agricultural land and did almost nothing to curb greenhouse gas emissions. A federal law requiring the use of 36 billion gallons of ethanol for fuel by 2022 still props up the industry, but the tax credit’s expiration is a victory for common sense just the same.
Meanwhile, a lesser-known but equally dubious energy tax break also expired when the year ended Saturday: the credit that gave electric-car owners up to $1,000 to defray the cost of installing a 220-volt charging device in their homes — or up to $30,000 to install one in a commercial location. As a means of reducing carbon emissions, electric cars and plug-in hybrid electrics are no more cost-effective than ethanol. What’s more, only upper-income consumers can afford to buy an electric vehicle (EV); so the charger subsidy is a giveaway to the well-to-do.”
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  1. Ken Ekegren
    January 5, 2012 at 7:07 pm

    I’m amazed that every article indicates that selling 7500 out of a targeted 10,000 Volts that are radically different and were designed in record time, is considered such a failure.

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