On This One, Tesla Is a DOGE Loser

Trump’s rollback of EV charging subsidies hurts Musk’s car company

WSJ editorial. Excerpts:

"The 2021 infrastructure bill allocates $5 billion for states to install EV chargers with the goal of building a nationwide network of 500,000 stations by 2030. The Biden Administration was slow to disburse the money because it layered on mandates. Only $511 million has been awarded, and a mere 58 stations are in operation."

"the Transportation Department paused the program to ensure state charging plans “align with current U.S. DOT policy and priorities.” As well it should. Some federally funded stations have reportedly broken down. 

States warned in their grant applications that Biden mandates, including one that stations be located every 50 miles along interstate highways, could lead to “stranded assets.” A dearth of customers in rural areas could make stations unprofitable and require states to spend taxpayer dollars maintaining them."

"the Biden auto emissions standards and waiver for California’s EV mandate. Most auto makers can’t meet either and would likely have to buy regulatory credits from Tesla to comply."