Trump Admin's EV Reversal: A $1 Billion Mistake?
2025-03-01
The Trump administration's reversal of Biden-era policies on electric vehicles is proving far more expensive than anticipated. The order to dismantle 654 EV charging stations and sell off over 25,000 government EVs, while intending to save $300 million, is projected to cost taxpayers an additional $1 billion. This includes the cost of decommissioning chargers, losses from selling the EVs below market value, and the expense of replacing them with gasoline-powered vehicles. The move not only incurs significant financial losses but also inconveniences EV drivers.
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financial loss