{"id":270756,"date":"2025-06-03T15:39:31","date_gmt":"2025-06-03T15:39:31","guid":{"rendered":"https:\/\/peraltafinancing.com\/activist\/trumps-ev-policy-punch-out-new-bill-about-knock-out-130000-ev-jobs-and-the-battle-behind-regulation\/"},"modified":"2025-06-03T15:39:31","modified_gmt":"2025-06-03T15:39:31","slug":"trumps-ev-policy-punch-out-new-bill-about-knock-out-130000-ev-jobs-and-the-battle-behind-regulation","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=270756","title":{"rendered":"Trump\u2019s EV Policy Punch Out: New Bill about Knock Out 130,000 EV Jobs (and the battle behind regulation)"},"content":{"rendered":" \r\n<br><div>\n\n                                        \n\n\n<p>Government policies, regulations and interventions can make or break markets.<\/p>\n\n\n\n<p>They can make \u2019em.<\/p>\n\n\n\n<p>And then they can break \u2019em.<\/p><div class=\"g g-1\"><div class=\"g-single a-6\"><a class=\"gofollow\" data-track=\"NiwxLDEsNjA=\" href=\"https:\/\/www.dontgetpushedaround.com\" target=\"_blank\"><img loading=\"lazy\" width=\"850\" height=\"500\" decoding=\"async\" src=\"https:\/\/www.activistpost.com\/wp-content\/uploads\/2025\/01\/AP-AffiliateAd-850x500-LegalShield-1.jpg\"\/><\/a><\/div><\/div>\n\n\n\n<p>That\u2019s what happened with clean energy policy back in 2021.<\/p>\n\n\n\n<p>The Biden administration issued the \u201cInflation Reduction Act(IRA).\u201d Except it wasn\u2019t about inflation reduction. It was a big money printing scheme aimed at investment in clean, green technology.<\/p>\n\n\n\n<p>What the IRA did was expand, and increase the market size for green tech. Especially for electric vehicles.<\/p>\n\n\n\n<p>Now, the EV market is about to get a big dose of reality.<\/p>\n\n\n\n<p>Because Trump\u2019s about to punch out the funding\u2026<\/p>\n\n\n\n<p>And more\u2026<\/p>\n\n\n\n<p>About 130,000 jobs, actually.<\/p>\n\n\n\n<p>So, electric vehicle manufacturers, and all those that manufacture parts for them are about to get a taste of the real market.<\/p>\n\n\n\n<p><a href=\"https:\/\/oilprice.com\/Energy\/Energy-General\/US-Battery-Production-Set-To-Decline-75-Under-Trumps-Big-Bill.html\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Oil Price<\/strong><\/a>\u00a0reports:<\/p>\n\n\n\n<p><strong>U.S. Battery Production Set To Decline 75% Under Trump\u2019s \u2018Big Bill\u2019<\/strong><\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cLast week, the U.S. House of Representatives narrowly passed what\u2019s been dubbed the \u201c<\/em><a href=\"https:\/\/www.cnbc.com\/2025\/05\/22\/what-house-republican-big-beautiful-budget-bill-means-for-your-money.html\" target=\"_blank\" rel=\"noreferrer noopener\"><em><u>big, beautiful bill<\/u><\/em><\/a><em>\u201d, with the legislation designed to leverage deep cuts to the Inflation Reduction Act (IRA) credits to pay for tax cuts, immigration enforcement and extra spending on defense.\u00a0<\/em><\/p>\n\n\n\n<p><em>The contentious bill is now headed for the Senate, where it faces its final test, with all Democrats but only a handful of GOP lawmakers critical of the huge increase it will bring to the national debt.\u00a0<\/em><\/p>\n\n\n\n<p><em>According to<\/em><a href=\"https:\/\/theicct.org\/publication\/how-the-ira-is-driving-us-job-growth-across-the-electric-vehicle-industry-apr25\/\" target=\"_blank\" rel=\"noreferrer noopener\"><em><u>\u00a0a recent analysis<\/u><\/em><\/a><em>\u00a0by the International Council on Clean Transportation, the bill, coupled with cuts to other climate policies, could slash U.S. battery production by ~75% by 2030 to 250 GWh from the previously projected 1,050 gigawatt-hours, and EV sales by 40%.<\/em><\/p>\n\n\n\n<p><em>According to the report, doing away with the IRA would eliminate 130,000 potential jobs in the EV sector by 2030, with the majority in battery manufacturing.\u201d<\/em><\/p>\n<\/blockquote>\n\n\n\n<p>The irony here is interesting.<\/p>\n\n\n\n<p>Not only will Trump eliminate a market by overwriting the IRA, but he\u2019ll be eliminating manufacturing jobs in mostly Republican states.<\/p>\n\n\n\n<p>Here\u2019s where government investment in clean energy technology is the highest.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter\"><a href=\"https:\/\/dollarcollapse.com\/wp-content\/uploads\/2025\/05\/Clean_Energy_Manufacturing_Jobs_01.png\"><img loading=\"lazy\" width=\"494\" height=\"471\" decoding=\"async\" src=\"https:\/\/dollarcollapse.com\/wp-content\/uploads\/2025\/05\/Clean_Energy_Manufacturing_Jobs_01.png\" alt=\"\" class=\"wp-image-71185\"\/><\/a><\/figure>\n\n\n\n<p><br\/>On the other hand, here\u2019s what\u2019s happens when policy punches the other way.<\/p>\n\n\n\n<p>California has been punching down on oil and gas for more than several years, which has resulted in the third highest cost of living in the country just after left leaning Massachusetts, and Hawaii.<\/p>\n\n\n\n<p>Here\u2019s where taxing and regulating gasoline has gotten California.<\/p>\n\n\n\n<p><a href=\"https:\/\/thedailyeconomy.org\/article\/why-california-gas-prices-are-the-highest-in-america\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>AIER<\/strong><\/a>\u00a0reports:<\/p>\n\n\n\n<p><strong>Why California Gas Prices Are the Highest in America<\/strong><\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cAccording to the US Energy Information Administration (EIA), gasoline prices are generally shaped by five components: crude oil prices, refining costs, distribution and marketing, taxes, and regulations.\u00a0<\/em><\/p>\n\n\n\n<p><em>In California, taxes and regulatory costs alone account for more than $1.30 per gallon \u2014 nearly double the national average.<\/em><\/p>\n\n\n\n<p><em>California has the highest gas tax in the country, at $0.678 per gallon, not including additional fees and environmental surcharges.\u00a0<\/em><\/p>\n\n\n\n<p><em>Add in the Cap-and-Trade program, the Low Carbon Fuel Standard (LCFS), and boutique fuel blends that are required only in California, and it becomes clear why Californians pay more.<\/em><\/p>\n\n\n\n<p><em>And things are deteriorating further.\u00a0<\/em><\/p>\n\n\n\n<p><em>The Mische study warns that with refinery closures due to hostile permitting processes and low expected returns under California\u2019s climate mandates, fuel supply in the state could drop by 20 percent by 2026, even as demand stays relatively stable.\u00a0<\/em><\/p>\n\n\n\n<p><em>Fewer refineries and rigid fuel standards will mean tighter supply and higher prices.\u201d<\/em><\/p>\n<\/blockquote>\n\n\n\n<p>This is where government policies can make or break the markets, even entire job sectors.<\/p>\n\n\n\n<p>So we\u2019ll have to wait and see what happens for the EV market in the US over the next decade.<\/p>\n\n\n\n<p>Will it continue to grow, or slow down as Trump slows down manfacturing and supply?<\/p>\n\n            \n        <\/div>\r\n<br>\r\n","protected":false},"excerpt":{"rendered":"<p>Government policies, regulations and interventions can make or break markets. They can make \u2019em. And then they can break \u2019em. That\u2019s what happened with clean energy policy back in 2021. The Biden administration issued the \u201cInflation Reduction Act(IRA).\u201d Except it wasn\u2019t about inflation reduction. It was a big money printing scheme aimed at investment in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":270757,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12022],"tags":[2922,6795,11011,77448,11572,3431,17012,11678],"dealstore":[],"offerexpiration":[],"class_list":["post-270756","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-activist","tag-battle","tag-bill","tag-jobs","tag-knock","tag-policy","tag-punch","tag-regulation","tag-trumps"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Trump\u2019s EV Policy Punch Out: New Bill about Knock Out 130,000 EV Jobs (and the battle behind regulation) - Som2ny Network<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fivemor.com\/?p=270756\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trump\u2019s EV Policy Punch Out: New Bill about Knock Out 130,000 EV Jobs (and the battle behind regulation) - Som2ny Network\" \/>\n<meta property=\"og:description\" content=\"Government policies, regulations and interventions can make or break markets. 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