Will President Obama's E.V. Tax Credits Only Subsidise The Rich?

At $41,000 the new Chevrolet Volt is a "rich man's ride." Charles Lane asks why is President Obama offering federal tax credits of $7,500 to help better-off American's buy expensive cars?

1 minute read

August 2, 2010, 9:00 AM PDT

By George Haugh


"You might call the president's subsidies limousine liberalism-if only the cars were bigger." Deloitte consulting found that a rarefied demographic of "young, very high income individuals-those from households making more than $200,000 a year-would even be interested in plug-in hybrids or all-electric cars."

Deloitte also profiled the likely 'non-adopters.' "They have average household incomes of $54,000, live in the suburbs and rural areas, and depend heavily on their cars. There are millions and millions of non-adopters all across America. They are the middle class."

Friday, July 30, 2010 in Slate

portrait of professional woman

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching. Mary G., Urban Planner

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching.

Mary G., Urban Planner

Cover CM Credits, Earn Certificates, Push Your Career Forward

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