TO THE EDITOR:
In Economic Facts and Fallacies, Thomas Sowell wrote, "The only thing systemic in America is stupidity." The policy on government subsidy incentives for the purchase of EVs is a case in point.
"Toyota, Honda criticize Senate proposal tying EV tax credits to union workers" (autonews.com, Aug. 13) identifies the obvious government-based discriminatory practice against many American workers. But there is a greater tragedy in government-central planning to "fix a problem" and create "greater value" for the citizen. Rarely is the most obvious question posed, and more rare is a quantitative answer.
What value is expected in return for the investment of taxpayer funds (tax credits) of $7,500 to $12,500 per EV? Research reported in 2018 by Jonathan Lesser of the Manhattan Institute includes: "While new ZEVs will reduce CO2 emissions compared with new internal-combustion vehicles, the overall reduction will be less than 1 percent of total forecast energy-related U.S. CO2 emissions through 2050. That reduction will have no measurable impact on world climate — and thus the economic value of CO2 emissions reductions associated with ZEVs is effectively zero."
Why do we refuse to quantify these trade-offs? It is beyond frustrating. It is "stupid."
DAVID PILCHER, Indianapolis