It's just another tax transfer from the poor to the wealthy. The bottom 25% off the population aren't buying EVs, used or new. On top of that, a lot of used EVs are being exported to other countries. No, this is bad policy. Tesla had their 1.5 billion plus subsidy. So will GM. I'd like to see it go away, actually, now that the tech is good enough to go mainstream.
I pay at least 10x (a guess, it may well be far more than that) the tax of Mr Average, that's probably true of most people who choose to buy a 100K car, but I shouldn't be entitled to a handout?
A handout which would help accelerate adoption of EVs (currently relatively expensive for the Average Punter), and thereby increase mass production thereby bringing costs down, and at the same time help reduce balance or payments deficit (for UK at least) with oil states with the consequential problem of some of the money sloshing around in those states going into the hands of people that it turns out we don't like, and that's assuming we don't have to go to war to protect supply.
Let alone the acceleration of the demise of ICE and thereby reducing, ultimately, the cost of climate cleanup.
After all, that's what the transition from ICE to EV is about.
I don't want a level playing field between EV and ICE at all; the faster the world stops polluting and CO2'ing with ICE the better ... time is running out on that one.
If your solution is to give money to the car companies, rather than subsidise the purchase, that's OK with me too (although we can obviously debate which one lines the pockets of Fat Cats more ...). The faster it happens the better for all of us, rich and poor alike.