Monday, May 19, 2014

Another Reminder That Environmentalism Is Not Only Economically Destructive, But Primarily A Subsidy to Big Business

From, a detailed article about what happens when European countries reduce the outrageous subsidies for electric vehicles, and who the big beneficiaries of them are:
Also lost in all the hype is that the Dutch subsidies greatly favour corporations and private business. Private purchasers are, according to Peter Monk and Zifei Yang, authors of the ICCT’s Driving Electrification white paper, eligible for much less (1,800 euros for a privately bought Renault Zoe versus 6,100 euros for a company car, and 20,900 euros for a privately owned plug-in Volvo V60 versus 38,300 euros — out of a purchase price of 51,571 euros — for the company-leased alternative). Small wonder that, depending on the exact nature of your vehicle, up to three quarters of Dutch plug-in sales are to corporations and private businesses. Yes, Holland’s green car revolution is really just a corporate tax dodge.
And the Dutch really have been following the money. As of Jan. 1, the government has reduced its corporate welfare program, and sales of anything that requires an electrical umbilical cord have plummeted. EV and PHEV sales in December were 9,309; in January they were 404. Sales of best-selling models were particularly hard hit; Mitsubishi’s hybrid Outlander dropped to 83 in January compared with 4,988 just the month before. This drop was made all the more calamitous for Mitsu’s electrification prospects since, of the 8,197 Outlander PHEVs sold in Europe last year, 8,009 were to Holland. Other marques saw equally precipitous losses; BMW’s i3 from 225 to 15 units, Tesla’s Model S from 578 to seven and Nissan’s Leaf from … well, you get the idea.
Is there any question why environmentalists back crony capitalism so consistently?  It's a way to redistribute wealth from the middle class to the obscenely rich, contributing to the divide between rich and poor...and environmentalists are almost always rich.  Who else can afford these policies?

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