> As it is the EV subsidies are really just helping homeowners buy luxury cars which seems a little backwards
The goal was to drive scale so that the price would drop, this has been successful. In the US the federal subsidy phases out after 500K. Tesla and GM have both passed that and have models that are less than the US average for a new car of $40K.
Many non-tree hugger analysts project that upfront EV costs will be equal to ICE by the middle of the decade.