Sure. But it was money spent on bonus packages for the management to congratulate them for poor jobs and overproducing cars that people didn't buy.
You don't have to convince me to oppose bail-outs.
But this ugly history with giving my tax money to failures doesn't justify huge subsidies to Tesla either.
Sure. But GM and Chryster are getting more ZEV credits than Tesla. Tesla is only the double of what Ford gets. So if Tesla is so bad for taking that money... then why are the other ones doing it too?
Zero Emission Vehicle Credits
Tesla 276 k.
Ford 167 k.
GM 654 k !!!
Chrysler 415 k !!!
You can see the whole list in the link above (granted, it's 2012 numbers)
Ford is getting 900 k credits for NEVs, something that Tesla does not.
I should make it clear that there are more dysfunctional subsidies out there than just Tesla.
This situation is not self-justifying.
Silly analogy time....
I oppose invading Iran.
The fact that we've invaded other countries (Iraq, Afghanistan) doesn't convince me that a pre-emptive attack on Iran is worth doing.
So how should we view subsidies?
I say we should get the greatest benefit per dollar.
Consider Tesla....
Tesla and Its Subsidies | National Review Online
Tesla Motors - Annual Report
With a large operating profit loss on the Model S, it's real value is in generating fed ZEV credits.
(It reminds me of how Cadillac used to be in the air conditioner business....they built cars just to create a market for their AC option.)
The subsidy is in the neighborhood of $40,000 per car (combining company ZEV credits & customer tax credits).
If this taxpayer burden were applied to cheap cars (eg, Prius, Volt), there would be far great benefit to society.
But Teslas are exciting sexy playthings for the rich & famous, so politicians fall under that spell.
Sure. I don't see it as either or. It helps in all areas. Solar panels is a growing industry and especially here in SoCal, it's large enough that it has had positive effects on the power grid. (Don't remember the number, but they were quite substantial.)
We don't have unlimited resources. We cannot do everything.
The issue is what we do with the money allocated.
Whatever money is given to Tesla & its customers, that same money could do more good elsewhere.
Example:
Allowing businesses to expense conversion from fluorescent to LED lighting would reduce fossil fuel usage more.
But gov says it can't afford to give us this.
Solar panels are an entirely independent issue.
If they're worth doing, then they're worth doing for general applications (eg, toasters, TVs), & not just electric cars.
If Musk gets involved in these, it doesn't change the economics & environmental impact of Tesla's cars.
Uhm... Isn't that what these electric and hybrid cars are about? Tesla is working on a van. And I don't remember which company, but there are work going on for SUV, and trucks.
Hybrids and electrics are very expensive today though, even with the ZEV credits.
But since you're against electric cars, what would you suggest being a "fuel efficient" car? What technology or invention could be used to make that happen that hasn't been done already?
I'm not against electric cars.....Hell, I like'm.
But we need other technologies too.
Electrics are great for short haul low demand driving.
Batteries (& all conceivable new technologies) are costly, & don't have the energy density to handle long distance or trucking applications.
There are additional ways to cut pollution & fossil fuel use....
- Lighter weight materials, eg, Ford's new aluminum bodied trucks, HSLA steels.
- Engine technology: higher compression ratios, Atkinson cycle, diesel, semi-adiabatic designs, infinitely variable transmissions, electric traction drive, Stirling cycle hybrids, etc, etc.
- Better aerodynamics.
- More car pooling.
- Higher fuel taxes (This drives conservation.)
- Fuel cell powered electrics.
- More hybrids.
- Higher housing/business density to enable more public transportation. This also helps open land conservation.
- I'll come up with more if you need.