For a new (or, more accurately, updated) technology that some people are clamoring to buy — there’s a lengthy waiting list — electric vehicles (EVs) are receiving a remarkable amount of taxpayer support. There are federal tax credits for the purchase of qualified EVs and, for that matter, EV chargers. A number of states also provide incentives for the purchase of EVs. Not only that, the Biden administration has committed to allocating $5 billion to the states to set up a “national charging network” of 500,000 public chargers by 2030. It won’t be enough money, and the target date may not be realistic, but central planning is like that. Another $2.5 billion will be available to help fund various worthy EV-related causes, including supporting “community and corridor charging.”
