Thursday, September 9, 2010

New Nissan Leaf will cost you ...

By Donald Sensing

You are going to buy the new Nissan Leaf whether you want to or not. And if you live in Tennessee, you'll buy one even more: "Tennessee to offer $2,500 rebates on Nissan Leaf electric car."
State officials hope to give a boost to electric car sales with a $2,500 incentive to early buyers of the Nissan Leaf in Tennessee via a program that could later be extended to buyers of other alternative fuel vehicles. ...

Bredesen said the state's $2,500 rebate, coupled with an available $7,500 federal tax credit, would "about even out the premium (charged) for an electric car" versus a car with a traditional gasoline engine.
This is also a bone to Nissan, whose North American headquarters is located in Williamson County (where I happen to live) and which has had a major manufacturing plant in Smyrna, Tenn., for many years.

Taxpayers will subsidize this car to about one-third of its sale price. Every time you see a Leaf drive by, you'll know someone else is driving it thanks to you. Once again, a technology and product that has no natural market is being favored by the political class at the expense of the rest of us.

Someone said that America now consists of --
* the producers - people who actually pay taxes, which is presently just over half of us,

* the looters - the political class that enacts laws to siphon more wealth away from the producers to give it to...

* the moochers - the beneficiaries of the political class's largesse that they grab from the people who earned it.
But the political class is devious, not stupid. They try to make sure that everyone is a moocher at one time or another. So the Leaf's rebate program lets a large swath of the producing class take a turn at mooching, too. In fact, this is one of the rare looting programs that actually comprises welfare for the rich, or at least the well off, since even with rebates the Leaf will be out of reach of the low-income earners. But the sales taxes they pay and the fuel they buy for their cars are both going to fund the rebates.

This is of course in addition to the biggest moocher of all here, Nissan, Inc., whose bottom line will be enriched even by people who don't buy drive their cars. (My bad, we're all going to buy its cars.)

If I ran Nissan, I'd jack the list price up a few thou, you betcha.