Are electric cars worse for the environment? Yes, yes and more yes. They’re also worse for the poor and middle class.
Electric vehicle subsidies and mandates share an unfortunate, and all too common trait with other government policies: They’re based on “conventional wisdom” that turns out to be wrong. Wealthy consumers who have purchased Teslas and Chevy Bolts primarily to signal their green bona fides for their friends and neighbors, and who have socialized many of the costs of their purchases to those who are less well-off, might wish to take a closer look at the numbers. Their hands may not be quite so clean as they believe.
