Motor Mouth: When woke economics meets EV pricing

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Motor Mouth: When woke economics meets EV pricing — via drivingdotca ElectricVehicles

Advertisement 52024 Ford F-150 Lightning LariatMore important than such nonsensical comparisons, however, is the incredible lengths that proponents of electric vehicles will go to peddle the now-going-on-decade-old delusion that price parity with ICEs is right around the corner. Even in America, with the subsidies detailed above, it’s pretty much impossible to make Ford’s new F-150 Lightning as cheap as the ICE version.

More important that even that, perhaps, is that Avery has tossed state subsidies in the mix to achieve that mythical price competitiveness. And it is true that more states and provinces have adopted their own additional incentives to reinforce both American and Canadian federal subsidies. About half of American state governments now offer some form or rebate or tax credit, while here in Canada, you’ll find incentives in British Columbia, Quebec, Yukon, and the Maritimes.

In a time when even New Monetary Theorists are starting to recognize that governments’ recent outlandish spending might actually be responsible for the inflation that somehow refuses to be quelled, such extravagance would seem another reason why North American central banks might not be able to reduce interest rates any time soon.Article contentGetty

 

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