President Donald Trump's recent executive orders targeting funding for electric vehicle charging infrastructure could have significant implications for Elon Musk's Tesla, which has benefited from such programs in the past. .
tech crunch report President Donald Trump declares that “all agencies will immediately cease disbursing funds” from programs created by the Control Inflation Act and the Bipartisan Infrastructure Act, in direct opposition to the EV industry. signed the decree. The order specifically calls for the suspension of funding for EV charging stations available through the National Electric Vehicle Infrastructure (NEVI) Formula Program and the Charging and Fueling Infrastructure (CFI) Grant Program.
The EV industry claims the program has helped support the expansion of EV charging infrastructure across the United States. Elon Musk's Tesla, in particular, has been a big beneficiary of these funding opportunities, using grants to build its market-leading Supercharger network.
In recent years, Tesla has secured significant funding from both the NEVI and CFI programs. The company was part of a group that won a $100 million award from the CFI program to build charging infrastructure for heavy-duty electric trucks in Illinois. Tesla had expected to receive about $40 million of the group's initial funding request of $126 million. Additionally, the automaker has repeatedly sought approximately $100 million in CFI funding to establish a truck charging corridor between Northern California and South Texas, an application that has been passed multiple times.
Tesla's success in obtaining subsidies from the NEVI program is even more noteworthy. The company has secured approximately 13% of the NEVI award by mid-2024 and will use these millions of dollars to further expand its Supercharger network, which is now accessible to nearly all competing EVs.
Breitbart News reported in 2024 that Joe Biden falsely claimed that 500,000 charging stations were built because of his infrastructure bill. Although $7.5 billion was spent on the program, only eight charging stations were actually built.
read more Click here for TechCrunch.
Lucas Nolan is a reporter for Breitbart News, covering free speech and online censorship issues.
