Say what you wish about the EV tax credits that have been under discussion by Democrats in Congress, but here's one thing that's unquestionably true: They're a horribly inefficient way to limit the amount of carbon our vehicles are putting into the atmosphere.
Subsidizing electric vehicles to fight global warming is like trying to lose weight by eating more "diet" ice cream.
Why? Because as taxpayers, we're focusing on the wrong end of the value chain. And the reality is that most EV tax credits end up flowing to consumers with means who likely could have purchased an electric vehicle regardless of the government assistance.
According to the EPA, a "typical passenger vehicle" emits about 4.6 metric tons of carbon dioxide annually — the equivalent of burning almost 2.5 tons of coal.
But that's a number that can vary widely by the type of vehicle, its condition and the miles driven. While each gallon of gasoline burned produces 8,887 grams of CO2, it's the number of gallons consumed that makes the big difference.