Critics argue that California's budget is tight, with the nonpartisan Fiscal and Policy Officer warning that the state does not have capacity for new financial commitments.
Economist James Hamilton points out that giving a $7,500 subsidy for electric cars might lead to a $50,000 expense for every car that does not need the incentive.
Norm Miller emphasizes that a single state should not replace demand-inducing tax credits and advocates focusing on risky research in university labs instead.
David Ely highlights that the current fiscal outlook report shows California's budget is nearly balanced, questioning the viability of new subsidy commitments.
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