1st Taxpayer-funded EV Station

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·Nov 7, 2024

We have the first taxpayer-funded EV charging station in the country. What does this say about the state of play with our EV infrastructure in the country?

It's way behind schedule, obviously. It’s actually taken back many companies that are thinking about risking capital and building more EVs. I mean, that’s what’s really started to affect companies like Ford and General Motors.

Ford, on their Lightning, discovered they were losing $23,000 to $29,000 per vehicle. They can't raise it that much higher; they won’t sell any. And that's because there are a lot of issues around the market, including charging, distribution, and standardizing.

Standardizing on Tesla is a no-brainer; everybody's going to have to do that because they took private capital and built their own infrastructure, which is far more efficient than when the government does it.

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1st Taxpayer-funded EV Station

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