Electric vehicle subsidies are poorly designed and mostly benefit the rich. Some simple changes could make them more effective and equitable, Tamara Sheldon writes in Knowable magazine.
EV subsidies have a huge potential to get more EVs on the road and improve equity without spending any more money. They are one of the few decarbonization policy tools that are both politically palatable and popular with consumers in many areas. But they need a radical overhaul to get gas-guzzlers off the road and meet climate targets.