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Elon Musk’s Tesla, a company that has benefitted from these programs in the past. According to TechCrunch’s reporting, the President has taken a direct stance against the EV industry by signing an executive order that immediately halts the disbursement of funds from programs created by the Inflation Reduction Act and Bipartisan Infrastructure Law. Specifically, the order calls for a suspension of funding for EV charging stations made available through the National Electric Vehicle Infrastructure (NEVI) Formula Program and the Charging and Fueling Infrastructure (CFI) grant program.
Trump ended all EV subsidies and revoked Biden's 50% EV target
The biggest EV company in the USA is Elon Musk's Tesla
Tesla share is 4% down todayThis is for those who think Trump can be manipulated
The man who just defeated Deep State can't be an ordinary man pic.twitter.com/aotO5tNcXB— STAR Boy TARUN (@Starboy2079) January 21, 2025
The EV industry claims these programs have been instrumental in supporting the expansion of EV charging infrastructure across the United States. Tesla, led by Elon Musk, has been a significant beneficiary of these funding opportunities, utilizing the grants to build out its market-leading Supercharger network.
In recent years, Tesla has secured substantial 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 construct charging infrastructure for heavy-duty electric trucks in Illinois. Tesla was hoping to receive around $40 million from the group’s original 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 southern Texas, although this application has been passed over multiple times.
“Executive orders” signed by Donald Trump affecting the EV transition in the US.
-Eliminate the “electric vehicle mandate”
-End state emissions waivers limiting sales of gas cars
-Consider eliminating EV subsidies
-End the Green New Deal: NEVI
https://t.co/6eJLQK718P pic.twitter.com/1yMMRXonVY
— Daniel Breton (@DBretonEMC_MEC) January 21, 2025
Tesla’s success in securing grants from the NEVI program has been even more notable. By mid-2024, the company had won around 13 percent of all NEVI awards, using 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 his infrastructure bill had resulted in 500,000 charging stations being built. Although the program spent $7.5 billion, only eight charging stations were actually constructed.”