Here’s a telling story, from Susan Cambell of WPRI:
Piette said the [electric] car was an affordable option because of rebates and tax credits. One of them he was banking on? A $2,500 rebate from Rhode Island’s DRIVE program. (DRIVE is short for Driving Rhode Island to Vehicle Electrification.)
“That $2,500 was going to help me put in a charging station at the house here,” Piette explained. “The car takes about 18 hours to charge on 110 [volts], but it takes four to five hours on the system I’d be putting in.”
Unfortunately, when Mr. Piette bought the car, he wasn’t aware that the funds for the subsidy had just dried up. Now the car requires more than just an overnight-charge, and he apparently won’t spend his own money on what he was willing to force taxpayers to cover.
One wonders how pervasive this phenomenon will prove if ever our government finds it can’t continue to subsidize (by tax or by rate-payer mandate) everything from electric cars to home rooftop solar to offshore wind farms. It may not seem like much in the grand scheme of the economy, but the $575,000 that went toward the program in which Piette missed his chance to participate would have gone to something else — something that the economy considered to be more important.