Of all the expensive and inefficient ways to reduce industrial greenhouse gas emissions linked to climate change, government subsidies to electric vehicle buyers are among the worst.
So of course Premier Kathleen Wynne’s government is doubling down on them, by restoring a public subsidy of up to $14,000 for Ontarians who can afford to pay up to $150,000 for, say, a Tesla.
This shows that all the Wynne government is interested in when it comes to carbon pricing is to take more money out of the pockets of average Ontarians through its $1.9 billion a year cap and trade scheme, and blow it on vote-buying subsidies like this one.
It won’t do a thing to save the planet, although Wynne hopes it will save the Liberals in next year’s election. Debt-ridden governments like Ontario’s are using carbon pricing as a devious method of extracting more money from the public to make up for their incompetence in managing the books — Ontario being the most indebted sub-sovereign borrower in the world.
That said, Wynne isn’t the only leader refusing to introduce the one form of carbon pricing — carbon fee and dividend — whose only purpose is to lower emissions, not fatten government coffers.
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