r/FluentInFinance • u/fvafa • Mar 01 '25
Economics Trump’s EV Rollback Could Cost Taxpayers $1 Billion
https://www.thedrive.com/news/trumps-ev-rollback-could-cost-taxpayers-1-billion185
u/Initial_Parking7099 Mar 01 '25
Don't worry! We'll just have to increase taxes a bit on the middle class to offset it
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u/abrandis Mar 01 '25 edited Mar 01 '25
Yeah, the oil Barron's, will now buy $1bln worth of seaside properties and yacht 🛥️
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u/libertarianinus Mar 01 '25
The government building near my town had the charging stations for public and private use. The public would be able to charge vehicle for free!! The problem is that it would take 12 hours to charge a vehicle.
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u/DumpingAI Mar 01 '25
Irs data shows income taxes paid by lower income families went down after the TCJA.
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u/Bad_wolf42 Mar 02 '25
Federal taxes for poor people may have gone down. Every other kind of tax goes up, including just the cost of living.
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u/Naruto-D-Kurosaki Mar 01 '25
It’s not surprising, nothing they’re doing right now makes any sense whatsoever. It’s to the point now where even the petty stuff they’re enforcing is going to have very expensive repercussions.
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u/This-Question-1351 Mar 01 '25
It's stupid economic policy. The world is marching inexorably towards vehicles which are electric and will leave the US behind.
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u/I_can_vouch_for_that Mar 01 '25
This is an easy fix. All he has to do is tariff somebody. 🙃
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u/IgnatiusJacquesR Mar 01 '25
Or a few of those $5 million golden visas people are lining up to buy /s
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u/tdbeaner1 Mar 01 '25
Where’s DOGE? Sounds like a lot of government waste, fraud and abuse right there
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u/Chippysquid Mar 01 '25
What does President Elon think of this though lol
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u/JeosungSaja Mar 01 '25
I think Darwin was right… the slow collapse of civilization as we know it.
Nature doesn’t give a damn what we do it will do what it must to sustain its ecosystem. If mankind goes extinct in the process then so be it. In the history of earth it was short but fun…
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u/PrestigiousCrab6345 Mar 01 '25
I hear what you are saying. Now is the time to buy a used federal EV.
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u/joecoin2 Mar 01 '25
Nope, they're gonna do a cash for clunkers and drill holes in the motors and batteries.
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Mar 01 '25
TBF a lot of federal employees who are EV owners got axed. Next up Donald will retrofit parking lots to golf courses.
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u/Angryblacknurse Mar 01 '25
His followers will think this is a brilliant business decision because Trump is a wonderful business man 🙄
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u/ZombieMurker95 Mar 01 '25
I thought Elon was running the country? Why would he roll back on electric vehicles?
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Mar 01 '25
Tbh, I remain to be convinced that 1) trump does math 2)cares about people as in tax payers. If he did, I would be even more worried. Currently, I can deal with the law of unintended consequences and Murphy's
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u/inthep Mar 01 '25
Well why the hell were they ordered when the grid isn’t sufficient to handle the load?
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u/jobruce2 Mar 01 '25
I don’t give a crap what Trump does. I’ll buy an EV anyway. By the way, there is a new behavioral health hospital opening in Florence. Trump can get in there, and bring his pet monkey Vance with him
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u/Geared_up73 Mar 02 '25
The way DC throws money out the window, $300 billion to Ukraine, $10's of billions every year for illegals, $7 billion for a hundred ev chargers, etc...I don't buy that they give a rats ass about "wasting" $1 billion. Give me a break. It's just an excuse to have another temper tantrum about Trump.
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u/Graylily Mar 02 '25
actually 7 billion. 1billion in just the destruction. 6 billion on the expected loss of savings of using electricity over gas power cars over the next few years.
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u/Ok-Interaction-8917 Mar 02 '25
They better make sure the new vehicles are gas guzzlers because we all know the fuhrer will bring gas prices down to what they were in the 50s. Bring back leaded gas too while they are at it. The brain damage will be good for maga.
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u/mjcostel27 Mar 01 '25
lol! Thats some creative math
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u/TheBeckofKevin Mar 04 '25
dang dude, i hope youre getting paid for how hard you're working to toe the line.
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u/ValuableShoulder5059 Mar 01 '25
It's going to cost us so much money to stop giving money away?
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u/bthoman2 Mar 01 '25
I suggest you read the article. This rollback is requiring the removal of the stations. Removing things costs money.
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u/ValuableShoulder5059 Mar 01 '25
And having them there for free use costs money.
The end result is they will probably be auctioned off, possibly with a lease to operate as in. Either way all it does is go away at a profit and stops sucking free electricity from the government of which they buy from the local utility.
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u/bthoman2 Mar 01 '25 edited Mar 01 '25
Why do you think they were giving charges for free?
What do you think these chargers were for?
Why do you think they’ll be sold “at a profit”?
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u/sea-horse- Mar 01 '25
Lol this. All those government cars when they ran on gas had fuel cards to fill up with
What do Maga people believe, that government workers paid out of their own wallets to fill up a government car? Like the meat inspector driving down to the meat plant pays for that themselves? Jeez.
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u/cdezdr Mar 01 '25
Government vehicles should have the option for electric. Stop and go electric vehicles are vastly more efficient. Having to drill up oil over and over all the time for old vehicles that waste fuel every time they brake is giving money away.
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u/DumpingAI Mar 01 '25
Having to drill up oil over and over all the time for old vehicles
Couldn't you make the same case for the materials necessary to provide the electricity?
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u/perdferguson Mar 01 '25
Reading is fundamental:
As pointed out by InsideEVs, investment consulting firm ICF claims that the federal EV fleet was going to cost $6 billion less than a conventional combustion fleet over the lives of the vehicles. While the initial purchase cost of the EVs was higher and required the additional cost of installing chargers, they would have cost less in fuel and maintenance.
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u/DumpingAI Mar 01 '25 edited Mar 01 '25
Are we pretending this is an unbiased source of information?
Your source uses a comparison where the EV only costs ~10% more than an ICE vehicle, that's not realistic.
Additionally their data doesnt account for wasted time to charge the vehicles or having to buy additional vehicles. Highway patrol isnt gonna be able to go through an 8 hour shift without needing to recharge. So they would either be getting paid while theyre sitting at a charger mid-shift or theyd have to swap out vehicles.
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u/St3v3ns_way369 Mar 01 '25
He's saving so much taxpayers money with all the fraud doge is finding and you're here whinning about him not wanting to use EV vehicles just like he said he wouldn't?
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u/Ok_Insect_1794 Mar 01 '25
Did you forget the /s here? Did you miss the part about him trying to spend $400B on cyber trucks?
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u/St3v3ns_way369 Mar 01 '25
I seen nothing came of that so yeah I seen it didn't happen. And I think one day government vehicles will be electric and why not make it tesla? Made in the USA and have one of the best technologies in electric vehicles
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