Tuesday, July 27th, 2010
Feds Massively Subsidizing Electric Boondoggle
The first 4,400 purchasers of General Motors’ new Chevrolet Volt hybrid car are receiving a free gift from the public in excess of $10,000. This takes the form of a $7,500 tax credit, plus a gift of a home charging station that starts at $2,500 excluding installation (and the installation requires an electrician rewiring part of your house).
This, in a nation with a pathetic, decrepit, elite-strangled and financially imperiled public transit system.
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