Friday, May 16, 2025

Trump loses $7 billion selling government electric cars

US President Donald Trump wants to get rid of electric cars in the US public sector. It is estimated to cost taxpayers 7 billion kroner.

Right now, the US government stands to lose one and a half billion kroner on selling off the electric cars that the state has already purchased.

But according to Politico , taxpayers are in for an even bigger bill. The US government owns 25,000 electric cars.

And if you count the several thousand charging stations that Trump has ordered to be dismantled, the bill becomes even bigger.

Anonymous US government sources, whom Politico has spoken to, estimate that simply removing the charging stations and getting the infrastructure out of the way will cost another $100 million.

As for the electric cars, the anonymous sources believe that the 25,000 units will overwhelm the market so much that the government will have to accept a loss in value of at least 25 percent just to be able to get rid of the cars.

Trump could lose even more billions on government electric cars

That's a loss of another 225 million dollars, equivalent to one and a half billion Danish kroner, if you ask the anonymous sources. Sources who are also anonymous because they have been banned from speaking to the media.

In addition to the loss in value, the government will have to spend money on replacements for the 25,000 electric cars that Trump no longer wants in the fleet.

Politico's sources estimate that this will cost the US government around $700 million. Money that can only be found in one place – namely in the pockets of taxpayers.

According to the sources, this includes the $300 million that the former Biden administration spent on purchasing electric cars and on getting the infrastructure up and running at government buildings and other public offices.

According to a calculation from the consulting firm ICF, which InsideEVs refers to, an additional six billion dollars can and should be added to the final bill.

The six billion dollars, which corresponds to 41 billion kroner, is what the United States stood to save in expenses by keeping the 25,000 electric cars that now have to go.

Some of the bill could also be passed on to people other than the American taxpayer. The president in the White House has already imposed a 25 percent tariff on cars from Canada and Mexico, and more could be on the way.

At the same time, Trump is threatening to hit European car brands that do not move production of their American sales to the United States with at least the same amount of tariffs. Read more about it here .

Latest

Boosted Magazine
Boosted Magazine
Boosted in Denmark has over a million unique users, surpassing two million sessions, and accumulating over seven million page views each month, and our platforms has become a hub for automotive enthusiasts. Now you can enjoy our content in English too! Enjoy our free car news - every day. Want to talk to us? Write an email to boosted@boostedmagazine.com
spot_img

The government now expects 1 million electric cars by 2028

The government expects that Danes will have purchased one million electric cars by 2028. The Danish car importers' interest group praises the projection. The...

8-year wait is over – Tesla promises 50,000 cars

It's been more than eight years since Tesla first showed the "Semi" truck to the public. Series production will begin in 2026. Tesla Semi...

Study: New cars have never been heavier

New passenger cars now weigh over 1,550 kilograms on average. This is an increase of 300 kilograms since 2016. The explanation must be found...

Volkswagen: EU to postpone ban on petrol cars

VW CEO Oliver Blume casts doubt on the EU's 2035 deadline for the sale of new petrol and diesel cars. He calls for more...

Porsche warns – stops sales of electric cars

Porsche is now bleeding so much in the Chinese market that the brand is now seriously considering whether to withdraw from the world's largest...

Volkswagen will now build electric cars with gasoline engines

Volkswagen will make the gasoline engine part of the electric ID. cars. VW boss Oliver Blume sees it as a way to facilitate the...

Can't be stopped – Nissan ends up illegal in Russia

The large SUV Oting Paladin will soon be launched in Russia. The car is actually a Nissan Patrol, which is not allowed in the...

Donald Trump drops tariffs on the auto industry

Donald Trump is partially backing down on tariffs on auto parts. The move benefits US automakers, while import tariffs on cars appear to remain...

Denmark is being cheated of a wild Tesla move – see it here

In Denmark, Tesla is now lowering the interest rate on Model 3 and Model Y to 0.99 percent. But it's even wilder just across...

Dubai police now drive Rolls-Royces from Mansory

The custom-built Rolls-Royce Cullinan from Mansory is now part of the Dubai Police fleet. The car has 610 horsepower and hits 100 km/h in...

Car brand in crisis – to lay off and save 12 billion

Volvo Cars has seen better days. The new, returning boss sees no other option than a savings plan of 12 billion kroner. Layoffs will...

Police bust scrapyard mafia with 116 deadly cars

A large-scale police operation coordinated by Europol has hit an international crime ring that was making millions selling dangerous scrap cars from the US...