Having Missed The Riots One Nation Over, Italy Considers Implementing High Taxes On Fossil Fueled Vehicles
Warmists continuously come up with super great ideas that always seem to harm Other People (via Watts Up With That?)
Italy plans to offer subsidies of up to 6,000 euros ($6,800) to buyers of new low emission vehicles and will increase taxes on new petrol and diesel cars, two government officials said on Wednesday.
Concerns over climate change are pushing European lawmakers to tighten emissions regulations, but the car industry says that would harm its competitiveness.
Italy’s Lower House Budget Committee approved an amendment to the 2019 budget introducing a bonus for people who buy a new electric, hybrid or methane gas-powered car from Jan. 1, 2019.
If approved, the incentives will run until 2021 and total up to 300 million euros a year.
Under the same measure, purchases of new cars running on traditional fuels would be subject to a surcharge of up to 3,000 euros based on the level of carbon emissions produced.
That’s $3,418 U.S. Think this would go over well with the average American? Even believers in anthropogenic climate change would have fits. Eric Worrall notes
Drastic action to reduce pollution might play well in the cities – large Italian cities like Rome sometimes suffer severe air pollution. But a lot of poor Italians likely won’t be able to afford a new electric vehicle, even with the subsidy. With the limited battery life of electric vehicles, there doesn’t seem much point buying a second hand electric vehicle.
Electric vehicles might also increase risk to life for Italian drivers during winter. Mountainous areas of Italy can experience harsh winters, with deep snowfall and life threatening cold. Batteries don’t work well in severe subzero conditions, and batteries are a bad option for drivers stuck in the snow, who need their vehicle’s heater to stay warm.
Hybrids are mostly affordable, but, you’ll pay a couple grand more for a base model than a comparable standard model. Such as a Prius vs a Corolla, or an Insight vs a Civic. They also tend not to lease that well, due to residual values, and their overall resale value dips tremendously at auction due to concerns with how long the batteries will last, plus, there not being as much interest in purchasing.
Italy should be paying attention to what’s going on in France before they go down this road, especially since it would raise the cost of living due to companies passing on their higher costs.