Montreal Mayor Denis Coderre is going to waste $24 million on a Formula E electric vehicle race so he can do some Liberal virtue signalling, but this brings up larger questions about government subsidies for EVs, and whether or not they actually reduce emissions.
I’ve always assumed that they can cut emissions but only if the electricity used to charge them came from an emissions-free source, like hydroelectricity.
But now a new report from the Montreal Economic Institute casts doubt on all the claims by environmentalists and governments surrounding EV’s and in particular, government subsidies and rebates given to those who buy them.
Report co-author Germain Belzile adds, “Not only do these programs cost taxpayers a fortune, but they also have little effect on GHG emissions. Subsidizing the purchase of electric vehicles represents without a doubt the worst option among current solutions.”
Watch as I show you what else this study concludes regarding the impact of having up to a million EVs on our roads, and the fact that the government subsidies are greatest for our most affluent citizens who buy high end Tesla's and other EV's that 99 per cent of us can't afford.
Of course not!