In an effort to encourage people to purchase electric cars, the federal government introduces a tax credit

Question:

In an effort to encourage people to purchase electric cars, the federal government introduces a tax credit of $5,000 for each new electric car that is bought in Canada. Who do you think will benefit from this tax expenditure? What do you think the government’s goal is with such a tax expenditure?

Do you think that the tax expenditure is likely to achieve this goal?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Principles Of Macroeconomics

ISBN: 9781982166649

1st Canadian Edition

Authors: Betsey Stevenson, Justin Wolfers, Philip Oreopoulos, Kevin Milligan

Question Posted: