On the surface this seems like a good idea but I think it would be really difficult to implement. Using an extreme example, Bezos is worth some $100+ billion but his actual income on an annual basis is a tiny fraction of that. Or take this one - I might be retired with $5million in the bank, but only take out $50k a year. Should I still "income-qualify" for any incentives?Why do it by price of vehicle? shouldn’t it be by income?? Surgeon making $1M vs contractor at $125k.
I don't disagree, but we're well past that point (as @kylealden and others have mentioned) where companies need direct incentives to stand themselves up. We do however need the average car and truck buyer to nine times out of ten choose the EV option when they go car shopping, and incentivizing them directly is the only way of doing it. Price capping is a way of ensuring that the limited incentive dollars don't go to Bezos' fifteenth Model X or whatever.Vehicles become more affordable through scale. Achieving scale requires some sort of risk reduction and price sensitivity reduction. Capping incentives based on vehicle price or income does not contribute to either one of those.
The only more effect way is banning fossil gas-powered cars outright. And we know that's not happening .... yet .