What Democrats’ $3.5 trillion budget bill taketh from affluent Americans in higher taxes, it giveth some back in green welfare. Behold their gussied-up $12,500 electric-vehicle handout.
Electric vehicles make up a mere 3% of car sales in the U.S. despite the current $7,500 federal tax credit and generous state subsidies. About 40% of the country’s EV registrations are in California, which offers EV buyers rebates up to $7,000, access to carpool lanes and lower electric rates. Nearly 80% of battery-powered cars sold last year in California were Teslas.
