YLC March: Quantifying the Subsidies Offered to Battery Electric Powered Cars

Join us for our next Young Leaders Circle monthly event on Wednesday, March 14th with Dr. Wayne Winegarden. Dr. Winegarden is the Senior Fellow in Business and Economics at the Pacific Research Institute, the Principal of Capitol Economic Advisers, and a Contributing Editor for EconoSTATS.Dr. Winegarden will be joining us to discuss his recent study: Costly Subsidies for the Rich, Quantifying the Subsidies Offered to Battery Electric Powered Cars. Dr. Winegarden's study explores how generous, taxpayer-funded subsidies for electric car purchases have become a costly subsidy benefiting the wealthy."IRS Statistics of Income data illustrate that, for the 2014 tax year, 78.7 percent ($207.1 million) of the federal consumer tax credits were received by households with an adjusted gross income (AGI) of $100,000 or above."Has the green revolution had an equitable effect on families in different income brackets?Do EV subsidies disproportionately benefit upper-income households?Honorary Guests:1) California Petroleum Production Policy Expert, Sabrina Lockhart: California Independent Petroleum Association.2) YLC Member of the Month, Chris Gotterba: Lawyer during the week, car enthusiast on the weekend.Wine, beer, and hors d'oeuvres will be provided. The Young Leaders Circle unites young, free-market professionals (age 21+), throughout the Bay Area.
RSVP & Tickets, here.