FT: EV subsidies a waste

Yesterday's Financial Times had a great companion piece to the idiocy in today Post. The UK announced a £5000 incentive for EV beginning in 2011. After recognizing that the intent of such a subsidy is to "encourage early adopters of the technology, helping electric car manufacturers achieve economies of scale," author Richard Pike suggests a reason to oppose it is that "it would cost more than £150bn to subsidize Britain’s entire car fleet," a proposal no one has made.

Read it here.