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Poll: 58 percent oppose Obama's green car subsidy

Associated Press Published: February 21, 2012
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Almost two-thirds of Americans oppose a $10,000 tax credit for buyers of electric cars, even though President Obama proposed the subsidy as an important part of the clean energy initiative outlined in his State of the Union address.

"Just 29 percent of Likely U.S. Voters favor $10,000 government subsidies to encourage the purchase of electric cars," according to a Rasmussen Reports survey announced today. "Fifty-eight percent (58%) are opposed to such subsidies. Thirteen percent (13%) are undecided."

The green car subsidies disproportionately benefit the rich, despite Obama's recent emphasis on tax hikes for the wealthy. "The [Chevy] Volt sells for about $40,000, while the Fisker Karma sells for $100,000 -- well above most Americans' price range," Iain Murray and David Bier of the Competitive Enterprise Institute noted in The Washington Examiner. "That means that the federal government is again working to benefit the rich so they can drive cars that ease their environmental conscience."

Obama hopes to see 1 million green energy cars driving by 2015. "The subsidy cost of that goal could each $10 billion," according to The Daily Caller.

Click to read full article at Washington Examiner