The Trump administration is pro-EV, just on different terms than the Biden Administration. Yes, you read that right, let me explain.

As stated in the "Unleashing American Energy" executive order, the Trump Administration's largest gripe with EV programs in the US are the "unfair subsidies and other ill-conceived government-imposed market distortions that favor EVs." Through this vantage point, we can expect to see the elimination of the $7,500 EV tax credit, the National Electric Vehicle Infrastructure program, and vehicle emissions rules. There are varying opinions of the legality of how this will be done but from where I'm sitting, I think we should generally consider them nixed in a meaningful way.

However, the Trump administration has begun to introduce the policy themes we will see for the next four years that will only further grow and enhance the EV market, just with a different flavor. Within the "Unleashing American Energy" executive order, we can see this outlined in 1) Sec 1: Policy of the United States 2) Sec 8: Protecting national security 3) Sec 9: Restoring America's mineral dominance.

Key themes being: 1) Made in the USA 2) Protect against China 3) Increase mining. Manufacturing EVs in the US is imperative to increase manufacturing jobs, decrease national security risks, and increase mining industries. Battery factories slated for 2025 and 2026 launches are sprinkled across red states and mature enough to promise good paying jobs to areas of the US that need them most. There has been no indication or suggestion these tax credits will be affected to bring these factories to life (and if they are cut, please wait for my revised op-ed of where the EV industry stands).

Most importantly, US Automakers top threat is China. To compete globally with Chinese automakers and to keep more Chinese software off the streets, winning in the EV space is imperative. The world is moving to EV, not because they're green or we're fighting climate change, they are better cars and the largest rising automakers in the world can make them cheaper than ICE vehicles. We will continue to see US Automakers pour R&D dollars into creating competitive EVs.

These aren't just opinions, these are facts - the EV industry is healthier than ever. If the US wants to be a dominate player in the automotive sector globally, EVs are king. The EV industry is a close friend with 'the unknown'. If anything, it keeps us sharper.

To my peers in the space who are going to be most affected by the roll-back of NEVI and other tax credits, onward and upward. These business models can work, adoption is happening, and don't lose hope as you work to reforecast (again).

As for 3V's business model, we don't rely on federal subsidies. If federal funds are reduced for public charging, it just further makes the fundamental case, we need more charging access on private properties where people live and visit to keep up with EV demand.