Disingenuous example.
Denmark exempted imported EVs from a 180% import tax, prompting high sales.
Denmark then (prolonged details at link) ended the exemption, more than doubling the price of EVs.
OF COURSE SALES PLUMMETED.
It’s an example of extreme taxation screwing up a market.
Same thing happened in Georgia.
Georgia (having Atlanta and its smog problems) promoted EV use by offering a tax credit* that basically made leasing a Nissan Leaf practically free for 2 years.
Lots of people used that tax credit* and enjoyed their Leaf.
Then the tax credit* ended, the leases ended, and the EV market dried up relative to what it had been.
OF COURSE SALES/LEASES PLUMMETED.
It’s an example of extreme taxation screwing up a market.
What’s notable is that Tesla & Nissan & others continue to make their EVs, despite the artificial f-ups by legislators. Lots of people like them, increasing numbers are buying them.
* tax credit = you get to keep your money. This is a GOOD THING; given that we’re unlikely to get massive across-the-board tax cuts, I’m all for narrow tax credits wherever we can get them. These are NOT subsidies.
There’s no such thing as a free lunch...these are subsidies and GA taxpayers paid them in several ways.
New law curbs Georgia’s electric car sales
http://scienceline.org/2015/06/georgia-was-a-haven-for-electric-vehicles-a-new-law-may-change-that/
Excerpt:
“The Transportation Funding Act of 2015’s electric vehicle statute was put in place to end the program’s cost, which, according to a Georgia State University Center for State and Local Finance report, was more than $1 million in 2012 and more than $14 million in 2013.”