The Problem with Electric Vehicle Incentives
Monday, 13 February 2023
Subsidies and incentives for electric vehicles are at risk of being targeted by rent seekers. Officials and tycoons are involved in the deliberations.
GOOD public policy looks bad when others ride on its coattails. This has the potential to happen with the provision of subsidies and incentives for electric vehicles. A number of officials who have conflicts of interest and businesspeople close to the government are lining up to enjoy these subsidies and incentives.
Therefore, the government must be extra cautious in drawing up the electric vehicle subsidy and incentive scheme. Purchasers o...
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