Why are low-income workers paying for rich people’s EVs?

In March, Australia recorded a 42 percent increase in electric vehicle sales, totaling 15,839 units despite overall vehicle sales declining. Critics, including economist Chris Richardson, argue that government incentives primarily benefit high earners, with 48.2 percent of EV buyers earning over $150,000. This misallocation of resources occurs amidst a fuel crisis and growing economic pressures.

Summary by Glance · SMH