From The Weekly Standard:
The Trump administration has outraged environmentalists for (at least of late) threatening to end the $7,500 tax credit for electric vehicles in retaliation for GM’s decision to shutter five plants and lay off 15 percent of its workers.
That announcement is consistent with other administration policies regarding climate change: Earlier this year it announced its intent to delay the implementation of the steep improvements in the Corporate Average Fuel Economy standards originally set forth by the Obama administration. Several lawsuits have already been filed to stop the implementation delay, and it may take the court years to adjudicate the dispute.
However, both EV subsidies and CAFE standards are incredibly inefficient and costly ways to reduce greenhouse gas emissions. Congress should acquiesce with ending both programs – and replace them with a modest carbon tax that achieves a similar diminution of carbon emissions…
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