In on-trend California you’ll find 10% of the entire world’s EVs but to achieve their ambitious target of putting 5-million zero-emissions vehicles on the road by 2030 they require subsidies. However, a new report for the US National Bureau of Economic Research, finds the subsidies just save rich people money and don't drive the volume required from average consumers. In addition, by 2025, the scheme will have cost at least 5x more than forecast. … [Read more...]