How a Second Donald Trump Term Will Handle EVs
Former U.S. President Donald Trump dislikes taxpayer-funded electric vehicles (EV’s).
The former president announced this week that if he’s reelected then the EV industry will have to make do with its own resources and compete on a level-playing field.
This is according to Transport Topics, which reported Trump’s comments as he spoke to the Georgia Republican Convention.
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“Now they want to give you all electric cars,” Donald Trump reportedly said.
“First day in office, I’ll be ending all of that.”
Specifically, Trump said he would end federal tax credits and domestic manufacturing incentives for EVs.
As RVIVR reported in March, EV technology is apparently falling out of favor with the public. A new study from the California-based J.D. Power Marketing company blamed inflation and rising electricity rates for the decline.
Slow charging speeds dissatisfied EV users.
Also, this spring the Ford’s Motor Company’s EV business lost $3 billion before taxes the past two years and will lose almost the same amount of money this year.
‘Company officials said the electric vehicle unit, called ‘Ford Model e,’ will be profitable before taxes by late 2026 with an 8% pretax profit margin,” The Associated Press reported.
“But they wouldn’t say exactly when it’s expected to start making money.”
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As RVIVR reported in February, mid-priced Internal Combustion Engine (ICE) vehicles are suddenly more economical to drive than EVs.
The San Francisco-based Pacific Gas and Electric Company (PG&E) officials recently announced they want to place EV chargers in less affluent neighborhoods. This, even though the average price of an EV in May of this year was $64,338, according to Kelly Blue Book. That’s well outside the price range for middle class folks.
Last summer’s high temperatures in Nashville prompted top-level brass at the Nashville Electric Service (NES), to tell customers to conserve the city’s power supply.
Those same NES administrators, however, spent the past several years promoting EVs and trying to incentivize customers to buy them.
NES officials purchase electricity from the Tennessee Valley Authority (TVA). The federal government owns the TVA, which services residents in seven states.
In 2018, NES partnered with the Tennessee Valley Authority and the Middle Tennessee Electric Membership Corporation to launch SmartCharge Nashville. This was a voluntary study to help Nashville prepare for a growing number of EVs.
The following year NES officials offered their customers a rebate on the all-electric 2019 Nissan LEAF. Public power customers and employees were eligible that year for a $3,500 rebate on the 2019 Nissan LEAF 40 kWh Standard and a $2,500 rebate on the 2019 Nissan LEAF 62 kWh ePlus.
Nashville, according to Accuweather.com, had daily highs in June 2022 ranging from 84 to 101 degrees.
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