If someone wants to invest their own money in a Venture and he Markets his product for a Price that makes him money, I'm there if it's something I want to buy.
I don't Elect Politicians to pick winners and losers. Remember Solyndra? Wow, “free” power that only cost the Taxpayers half a Billion Dollars. Didn't work out that way.
Why are we giving someone who is buying a $100,000 PLUS Automobile a $7,500 Tax Credit? Even a $40,000 Volt Driver?
Generally speaking, you want the latest and greatest Technology, go for it but not on my dime.
Now, don't get me wrong, but when I hear Politicians using the word “investment” as a reason to raise our Taxes, I get very nervous. Government produces NOTHING, so you are investing in nothing. You are just enriching others, the Manufacturers or their preferred Clientele.
So then you should be willing to make the oil companies hire their own private navy to police the Persian Gulf shipping lanes instead of making the taxpayer pay for it? Or at least add a gas tax that covers the tens of billions a year it costs our military to do it for them (not to mention the occasional Gulf War).
Like it or not, our military is subsidizing the oil industry. We can't have a double standard. One of the biggest electric car fans that I know is a Gulf War vet with an NRA bumpersticker on the back of his Volt. He will tell you of watching dozens of his fellow soldiers die and coming back vowing to change his oil consumption.
Furthermore, the EV tax credits will phase out in a few years, unlike the shipping-lane-police oil subsidy which will last forever if we don't transition to electric vehicles (or plug-in hybrids like the Volt that can cover 90% of your miles with electricity).
“Why are we giving someone who is buying a $100,000 PLUS Automobile a $7,500 Tax Credit? Even a $40,000 Volt Driver?”
I actually would not mind it if the tax credit was limited to cars that cost less that $50,000. I don't think anyone paying $70,000+ for a Tesla is going to be swayed one way or another by $7,500. The Volt starts at $35,000 and with the $7,500 federal tax credit and between $1,000 and $6,000 in state tax credits, many people can get a new one for around $25,000.