Another Spectacular Green Failure

[Valin]

Via Meadia:

 

9/22/12

 

What would you do with $7.5 billion? There are probably as many answers as there are people, but we’re guessing nobody opted to waste it all on a policy that accomplishes exactly zilch. Unfortunately, it looks like the federal government has done just that. Reuters has the details:

 

U.S. federal policies to promote electric vehicles will cost $7.5 billion through 2019 and have “little to no impact” on overall national gasoline consumption over the next several years, the Congressional Budget Office said in a report issued on Thursday.

 

Greens have an odd knack for developing useless and expensive government policies. Ethanol, ballyhooed as a way to reduce greenhouse gasses, raises food prices for the poor and, in the U.S., actually increases greenhouse gas emissions at great cost. Costly programs to create “green jobs” seem to produce more scandals than jobs. And now we have a subsidy program for electric cars that costs money but otherwise gets nothing done.

 

(Snip)

 

That which cannot continue...won't.