Get the Dirt on Carbon Taxes versus Regulations - Which One Wins in the Fight Against Climate Change?

Imagine driving a car that runs on batteries most of the time but can switch to a gasoline engine for longer trips, eliminating range anxiety associated with electric vehicles. This new breed of electric vehicle (EV) promises 700 miles per charge and could revolutionize the way we view electric cars. However, despite its potential benefits, it faces challenges in making its way to American roads.

Political Barriers to Entry:
The current political climate in the US, with President Joe Biden pushing for tariffs on Chinese cars and former President Donald Trump advocating for stricter protectionist measures, makes it unlikely that American consumers will have access to this innovative technology anytime soon. The onus is on US automakers and regulators to lead the way towards a smooth transition to electric vehicles.
Classification Conundrum:
The categorization of these hybrid EVs, known as Extended-Range Electric Vehicles (EREVs), poses a dilemma. While these vehicles use a gasoline engine to extend their driving range, they are considered hybrids, not pure EVs. This classification may affect their eligibility for government incentives designed to promote the adoption of electric vehicles.
Environmental Impact Debate:
The question arises: Is it better for the environment to sell a few 100% emission-free cars or many 95% emission-free cars? Governments often struggle with such calculations, leading to less effective regulations. Carbon taxes offer a more efficient solution, encouraging consumers to consider the true costs of emissions and making the tax system more streamlined.

Overall, the reluctance to embrace innovative technologies for the sake of perfection overlooks the incremental progress that could benefit society. Just as safer versions of cigarettes faced resistance due to not being entirely risk-free, we must not let the perfect become the enemy of the good when it comes to advancements in electric vehicles and environmental policies. Embracing incremental improvements and transitioning towards a more sustainable future is key.