The EV tax credit doesn't apply at all to the Hummer EV, so you have your wish.
But what we need is a full carbon tax of about $250/tonne of CO2 (eventually), as that's approximately the fully accounted social cost and is also about the long-term cost to suck the CO2 out of the air and store it. Then there wouldn't be any need to subsidize anything except for the usual industrial policy/tech dev reasons as the externalities would be priced in.
But what we need is a full carbon tax of about $250/tonne of CO2 (eventually), as that's approximately the fully accounted social cost and is also about the long-term cost to suck the CO2 out of the air and store it. Then there wouldn't be any need to subsidize anything except for the usual industrial policy/tech dev reasons as the externalities would be priced in.