House Bill 2092 is a “reverse Robin Hood” bill; that is it takes from the poor and gives to the rich. HB 2092 gives a $3,000 tax credit to those buying a new all-electric car and $1,500 to those buying a new hybrid car.
While it is not true that only the rich buy these cars, it certainly is true that the poor and those with modest incomes cannot afford to buy them, even with a tax credit. They would see no benefit from this bill, but their tax dollars would be used to help finance it.
The state of Oregon chooses to finance highway maintenance with a gasoline tax. The owners of all-electric cars already receive a benefit from the state by not being required to help pay for highway maintenance despite the fact that their cars wear out our highways just as much as gasoline cars of equal weight.
This bill only benefits those with sufficient incomes to buy new electric or hybrid cars. There are better ways to spend the state’s general funds than by helping the upper middle class and well-to-do pay for new cars.