Trump's EV Infrastructure Policy and Industry Implications

The electrification of transportation is unstoppable, driven by economic factors and significant investments from major companies.

### The Future of EV Charging Infrastructure Under the Trump Administration
* 🚗  Despite Trump's stance, the shift towards electric vehicles (EVs) is inevitable due to **economic factors**.
* 🔌  There was a slowdown in EV adoption last year, but major companies like Pepsi, FedEx, UPS, and Walmart are now planning **multiyear rollouts of electric trucks and vehicles**.
* 💰  The Biden administration's infrastructure bill has already had a **significant impact on the industry**, with electric school buses being deployed and **investments in public charging stations**.
* 🛣️  Continued public investment in infrastructure is crucial for **accelerating EV adoption** and making consumers and fleets feel **comfortable with the transition**.
* 🛢️  The industry has been driven by **forward-looking regulation and public investments**, and unwinding these policies could **slow down the transition to EVs**.
* 🏗️  Trump's policy on charging infrastructure for EVs is uncertain, but the industry is hopeful that the **market forces and long-term economic benefits of EVs** will continue to drive growth.

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

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Trump's Impact on EV Charging Infrastructure

Trump has taken a clear stance on EV charging infrastructure, but the shift towards electrification in the U.

The total cost of owning electric vehicles is now lower than that of gasoline or diesel, driving consumer decisions.

Despite a recent slowdown and market glut, the overall trend towards EVs is expected to continue.

Companies' Shift Towards Electric Vehicles

Major customers like Pepsi, FedEx, UPS, and Wal-Mart are planning multiyear rollouts of electric trucks and medium-duty vehicles.

The company is involved in planning charging stations and long-term facility plans for these customers.

The Biden administration's focus on the IRA has benefited the industry, and infrastructure bills have had a significant impact, leading to the deployment of electric school buses this month.

The Impact of the Biden Infrastructure Bill on Electric Vehicles

The Biden infrastructure bill is driving investments in electric school buses and public charging stations across the U.

These investments are crucial for encouraging consumers and fleets to adopt electric vehicles.

However, there is a risk that the industry's progress could be undermined by the politicization of oil versus electric vehicles and potential changes in public sector investment and regulation.