Can The EV Revolution Survive Without Tax Credits?
Modern and developed states depend on taxes for their financial survival. Taxes on fuels and vehicles make up a significant part of the income at the disposal of the respective minister o secretary. EVs don’t contribute to the budget but take from it. They are a net loss to the public budget. As long as they are rare, the total numbers will be somehow absorbed. But when any advanced economy starts to see significant numbers of vehicles that cost more to the state than they contribute, public finances start to suffer. And I want to see the prime minister or party leader that advocates cutting social services in order to enable the well-off to have their expensive toy cars. EV’s are a fad – they will remain a niche product.
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