Monday, July 28, 2014
PLACERVILLE, CALIFORNIA
99 CENTS

Subsidizing the rich

By
From page A4 | October 14, 2013 |

With temperatures, as measured by satellites holding flat for a good chunk of the second decade in a row, we have to ask when our Jesuit-trained governor is going to stop this global warming kick of his that is costing the taxpayers millions going toward billions, if not trillions.

Between the state and federal subsidies, Tesla Motors raked in nearly $200 million by selling credits it has racked up by selling all-electric vehicles.

Still, at $70,000-$100,000 a crack, it is clear these are hobby cars for the rich and environmentally virtuous. Eighty percent of the owners of this high-priced car are from the Bay Area, Los Angles and Orange County. The typical rebate recipient for this and other electric cars earns more than $150,000 and owns a regular gasoline-powered vehicle.

For $102,000 one could buy a base S Sedan Maserati Quattroporte. Or a new Corvette for $60,000. There is no price yet on the high-performance Corvette Z06, but you can bet its battery won’t catch fire and force firefighters to chop it out to permanently put out the fire, like what happened a couple of weeks ago. How about a Porsche 911 for a base price of $84,000?

We could go on, but you get the point. Tesla is a rich person’s car. The EPA rates its driving ranges as 205-265 miles, depending on how much one spends on the battery pack. That is without air-conditioning or a heater. We don’t know if that includes playing the radio. Others like the Nissan Leaf are more affordable at $18,000 after federal and California rebates, but the EPA rates its range at 73 miles. With that kind of range it’s not even worth the 18 grand.

All this electric car mania by California politicians is just going to cost us palookas more moola as the state ramps up its electric car requirements and as it forces PG&E to get an ever-higher percentage of its energy from wind and solar.

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