Is your industry waiting and bracing for this to be a guide of Trump policy on charging infrastructure in EVs? Well, I think that it's clear that Trump has staked out a position here. But what is also clear is that the march towards electrification in this country is inexorable at this point. The total cost of owning an electric car or an electric truck is now lower than gasoline or diesel, and people are making decisions based on that economic factor. So we think that the market will continue to march forward. And perhaps, as Musk said, this is a short term blip. Okay. So what what, if anything, do you think could knock what has been ultimately from a consumer standpoint, a stagnation in interest in EVs? What are you seeing from the business side of it? Is that not been the case? Well, there is definitely a slowdown. I think there was a this past year, there was a glut of supply in the market

for chargers and for vehicles and companies adjusting to their capital decisions. What we're beginning to see is thinking coming from some of our major customers like Pepsi and FedEx and UPS and Wal-Mart. They are planning multiyear rollouts now of electric trucks and medium-duty vehicles. And so we're doing the charging stations, planning their long-term plans for their facilities. And they're making investments over a multiyear calendar that is very different than the political calendar. Terry, the Biden administration gave Elon Musk and Tesla the cold shoulder, but focused on the IRA, which gave benefits to your industry. Right. How much do you want to see Trump give some substance about how he'd handle funding and investment into infrastructure? Is it something that you kind of think is important to carry forward? Yeah, those infrastructure bills had a major impact on this industry. We have now school buses being deployed with schoolchildren being driven to schools this month in electric vehicles.

and electric school buses as a result of the Biden infrastructure bill. We have additional investments coming for public charging stations across the U.S., and those investments should continue to come forward because that is what will enable consumers and fleets to feel comfortable driving these vehicles and making this choice in the long run. But there's a politicization, Terry, that's unavoidable of oil versus EV. Is there any risk in your mind that it gets unwound? It's definitely this industry has been started in part by forward-looking regulation and by these kinds of public investments. Commercial investments, as I suggest, are very important and are moving forward. The whole thing will continue to go faster if there is investment from the public sector and if these regulations continue. So there is some real risk for sure.

Donald Trump's Mixed Messages on EVs

Welcome to the Bloomberg Technology YouTube channel. Subscribe for original series and mini-docs on game-changing technologies, profiles on innovators, live conversations with experts, and breaking technology news & analysis from Bloomberg TV.

Donald Trump's Mixed Messages on EVs

Donald Trump's Mixed Messages on EVs

Scripts