Like most of the Biden economic initiatives during his first term, the Inflation Reduction Act, along with trillions of dollars of other subsidies, were primarily geared toward wealthy elites.

If you want to buy a fancy electric car, government, using taxes and fees on poor people, will pay you to do so. They pay car companies to make them and mandate car companies had to make them.

But there aren't that many rich people so car companies have been closing plants to match the artificially created demand, and statistics show that due to concern about limited range, people drive electric cars far less, so environmental impact estimates were also way off. But government only subsidized car makers and owners, not charging stations, so the private sector will hold out until they get Manna From Biden Heaven as well.

A cold winter for those crazy enough outside California and Florida to buy them shows why sales will run into a gloomy forecast in 2024. Cold weather is good for Uber drivers, at least in states like California where new regulatory costs haven't made professional driving non-viable, because electric car owners have watched antiquated battery technology fall far short of government and corporate marketing claims. And since the Biden administration's proxy war with all of planet Earth means you can't get a handout for a Tesla or Nissan unless you can show the batteries weren't made in China, 2024 could be a bad year.


Credit: New York Times

Government created an artificial market and then turned the subsidized models from 43 to 15. He is telling couples making $300,000 per year that they will have to pay full price for $80,000 trucks, after discouraging more affordable electric cars by not paying on a per capita basis.

The weather has added another issue. The New York Times, unapologetically on Team Hamas and Team Electric Car and anything else progressives endorse without reason, is now telling stories of people with 30 miles charge who have their vehicles die a minute later. 

When you find a charging station, you'll wait in line while other elites sit in their cars with the heat on high, taking longer to charge. That makes people testy in an 'I overpaid to get an ulcer about my car as much as you did' way of expecting socialism to apply, when people really only want socialism if it's to their benefit. Car subsidies, yes, sitting in a cold car so someone else can charge theirs - nope.