Yet Another Dud Green Scheme Failure From Australia’s Former Labor Government

Posted on Tue 12/02/2014 by

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Bolt New 01By Andrew Bolt ~

Ford-Falcon-EcoBoost-driving

Ford Falcon Ecoboost

Nick Cater on yet another one of the former Labor Government’s dud green schemes – the $500 million Green Car Innovation Fund:

About $14m was given to Ford to produce the Falcon Ecoboost, which retails for about $35,000, thanks to an $8000 contribution from the taxpayer.

According to motoring writers it’s a pretty good Falcon, almost as powerful as a real one … but it is not what the market wants. A Falcon for tree-huggers is a contradiction in terms.

Joshua Dowling broke the bad news in News Corp Australia’s CarsGuide last week: “Confidential figures reveal just 1800 Ecoboost four-cylinder Falcons have been sold since it went on sale in April 2012 — less than half as many as Ford originally planned.”

Dowling uses the word “sold” loosely, since about 600 Ecoboosts were bought by Ford itself…

Will it help us reach our Kyoto target? Let us run through the maths.

Carbon emissions from full-strength Falcon: 226g/km. Carbon emissions from a Falcon Lite: 192g/km. Carbon saved: 34g/km. Carbon saved over 100,000km: 3.4 tonnes. Cost saving per tonne: $2300. Cost of a tonne of carbon abatement on the European market: $12.

It would be wrong to say there have been no winners. Holden Cruze purchasers, for example, scored a $1500 subsidy. Buyers of the Camry Hybrid have benefited to the tune of $1100.

The question, however, is why? When Kevin Rudd announced the green cars scheme in 2008 he claimed that “R&D, particularly those related to clean, green technologies, constitute a public good”. Yet the Ecoboost engine was already in existence…

The global warming scare has been cover for a massive transfer of funds from taxpayers to green carpetbaggers, thanks to headline-seeking politicians trying to take credit for “solving” a problem that doesn’t exist.

Andrew Bolt is a journalist and columnist writing for The Herald Sun in Melbourne Victoria Australia.

Andrew Bolt’s columns appear in Melbourne’s Herald Sun, Sydney’s Daily Telegraph and Adelaide’s Advertiser. He runs the most-read political blog in Australia and hosts Channel 10’s The Bolt Report each Sunday at 10am. He is also heard from Monday to Friday at 8am on the breakfast show of radio station MTR 1377, and his book  Still Not Sorry remains very widely read.

Read more excellent articles from Andrew Bolt’s Blog . http://blogs.news.com.au/heraldsun/andrewbolt/