No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Tuesday, July 21, 2026
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Markets

Trump Pushed Americans Away from EVs. Then Came the Iran War.

by TheAdviserMagazine
1 month ago
in Markets
Reading Time: 5 mins read
A A
Trump Pushed Americans Away from EVs. Then Came the Iran War.
Share on FacebookShare on TwitterShare on LInkedIn


Eric Perkins is towing his shiny silver Airstream camper on what will ultimately be a nearly 6,000-mile road trip around the United States without ever burning a drop of gas or diesel.

His secret: A battery-powered Rivian R1 pickup, which allows him to haul his 23-foot camper without worrying about the price of fuel. He’s gone from San Diego across to Branson, Missouri, and is now headed home to California from Moab, Utah.

With the national average price of regular gas sitting at around $4.16 a gallon and diesel around $5.31, Perkins, 49, is more than a little pleased about his EV – even if many of his fellow campers consider driving a battery-powered pickup a political choice. Perkins’ recharging tab so far is less than $750 for the journey, dramatically cheaper than if he’d been driving a traditional pickup.

President Donald Trump has moved to eliminate incentives for buying EVs, while encouraging manufacturers to keep building gas and diesel vehicles. But Trump, according to industry experts, might inadvertently push more Americans into EVs because of the war he started with Iran and the resulting spike in gas prices.

“I just get so much negativity from people who think that somehow burning diesel is more American,” said Perkins, a legal consultant and self-described libertarian. “And I think that Trump is going to become the most pro-EV president in history.”

Trump and Teslas

Upon taking office in his second term, Trump and his team began rolling back federal regulations and eliminating tax incentives that had spurred tens of thousands of drivers to buy EVs from startups like Tesla and Rivian, but also more traditional manufacturers like Nissan, Toyota and GMC. Trump said he believed that Americans, not government regulators, should choose what kind of vehicles people drive.

In addition to eliminating subsidies, the White House softened Biden- and Obama-era regulations designed to push traditional automakers into offering more EVs by toughening tailpipe emission standards. While EVs require electricity to run, they generate overall fewer carbon emissions, according to the Environmental Protection Agency.

Polls show that EV ownership has typically broken along partisan lines, but that conservatives became more willing to consider buying an EV after Tesla CEO Elon Musk aligned with Trump and backed his presidential campaign.

After retaking the presidency, Trump in 2025 showed off a red Tesla sedan at the White House, and encouraged other Americans to buy ones like it. Trump’s Tesla purchase came after a series of attacks on Tesla dealerships and vehicles, particularly Cybertrucks, by Americans angry over Musk’s support of the president.

‘Wow, I Can Get This and Have a Lower Fuel Bill?’

Last March, Elaine Buckberg, the former chief economist of General Motors, predicted that the most aggressive anti-EV steps taken by the Trump administration could drop sales from 48% of the market to 32% by 2030. Now, she expects high gas prices – along with a market being flooded by affordable off-lease Teslas – will make some car buyers recalculate.

Of the 287 million vehicles registered in the United States, about 3.5 million are EVs, federal statistics show.

Like Perkins, Buckberg said she believes Trump’s Iran war may prompt more people to pick EVs over traditional cars, especially if gas prices remain high for more than three months. Gas prices under Trump have not hit the same level as they did under Biden in June 2022, when the national average briefly broke $5 before dropping back.

“Used EVs are just getting price-comparable, and so you say, ‘Wow, I can get this and have a lower fuel bill? Great,’” said Buckberg, a visiting scholar at Harvard’s Salata Institute for Climate and Sustainability. “The shift is definitely happening and the high gas prices just accelerate it.”

Previously, EVs were primarily being sold in California and 17 other states that had adopted extra-tough emissions standards, Buckberg said. But as used Teslas flood the market, buyers in other states are discovering that $20,000 gets them effectively a luxury car that also comes with dramatically lower operating costs.

“Used EVs go all over the country, and hit a much wider set of households based on incomes,” she said. “You’re getting a whole different set of people who are experiencing EVs. I think that a lot more people will understand that they aren’t little pokey vehicles with a tiny range.”

White House officials say Trump’s rollbacks of Biden’s regulations and incentives protect consumer choice by letting EVs compete on a level playing field with traditional gas or diesel vehicles. In a statement, White House spokeswoman Taylor Rogers said the president wants to unleash American energy dominance, which would ultimately drive down energy costs for everyone, regardless of what car they drive.

“While President Trump is supportive of consumer choice and has rolled back the left’s unpopular and costly EV mandates, the reality is that fossil fuels are still necessary to generate the electricity that powers electric vehicles,” Rogers said.

‘Getting Their Dollar’s Worth per Mile’

In Wyoming, Casper resident and trucker Levi Dutton said he and his wife are considering buying an EV to shuttle their daughter to summer softball camps in Denver.

Returning from a Memorial Day camping trip, Dutton watched as 21 gallons of diesel flowed into the tank of his Ram 2500 at $5.40 a gallon. He admitted he’d considered telling his extended family that fuel prices were too high to justify driving 350 miles to central Colorado for their annual camping trip.

“It was tempting to say we weren’t going to make it this year, because of the prices,” Dutton said. “But I didn’t want to disappoint the family over some money.”

Dutton said he doesn’t think an EV truck would be powerful enough to safely haul his family’s 26-foot Jayco camper. But he figured an EV for his wife would be a smart move, given the current fuel prices. Households typically save $800–$1,000 on fuel costs by switching to EVs, according to the EPA.

“Three hundred miles (of charge) is enough to get us to Denver, and we’re going to have to do that drive at least six to 10 times this summer,” Dutton said.

Drivers like Dutton are the kinds of customers Colorado-based Lightship RV is targeting. Founded in part by former Tesla engineers and battery experts, the company makes self-powering electric campers designed to be towed behind either a traditional truck or EV, significantly extending their range.

Fitted with solar panels on the roof, the Lightship RVs have big battery packs and electric motors in the wheels, which kick in to assist whatever vehicle they’re being towed behind. The Lightship batteries can also recharge EVs mid-trip.

Company co-founder Ben Parker said camper owners are worrying about high fuel prices, although they are often driving $80,000 pickups towing $100,000 campers.

“They care about getting their dollar’s worth per mile,” Parker said. “People are sick of getting 8-10 miles to the gallon when they’re paying $5 a gallon.”

Scrupulously Keeping Track of Energy Used

The median distance people drive with their campers is just 125 miles from home, according to the RV Industry Association. While most EV pickups can drive hundreds of miles on a single charge, their range drops dramatically while towing: Perkins can get about 180 miles while towing his Airstream, about half his normal range.

Along with using official Rivian or Tesla chargers, he can also sometimes plug into the outlets at campgrounds that regular campers use to run their AC and televisions.

Because this is the longest trip he’s ever taken using an EV to tow a camper, Perkins has scrupulously kept track of how much energy he’s used, how much climbing or descending he has done, and the impacts of headwinds and tailwinds. Perkins said many traditional pickup drivers are curious about his success towing with an EV.

While his range is less than that of a full-size diesel truck, Perkins said, the benefits of his Rivian outweigh the more frequent charging stops.

“A lot of people are kind of shocked how much power and torque electric vehicles have,” said Perkins, who conceded to showing off a little bit on big hills. “I’ll go ahead and let it run up to 70, 75 while everyone else with a camper – they’re all crawling up at 45.”

Reporting by Trevor Hughes, USA TODAY / USA TODAY Network via Reuters Connect



Source link

Tags: AmericansEVsIranpushedTrumpWar
ShareTweetShare
Previous Post

9 Costly Mistakes Executors Make That Lead to Estate Litigation in North Carolina

Next Post

The Trump admin passes on alcohol recommendation after pushback from the alcohol industry

Related Posts

edit post
Financing a New HVAC System: 0% Offers, Loans and What They Really Cost

Financing a New HVAC System: 0% Offers, Loans and What They Really Cost

by TheAdviserMagazine
July 21, 2026
0

If you’re like 47% of Americans, even a $1,000 emergency expense would break the bank. Luckily, many HVAC providers offer...

edit post
Bets against SpaceX grow to 32% of float as Elon Musk warns short sellers won’t survive

Bets against SpaceX grow to 32% of float as Elon Musk warns short sellers won’t survive

by TheAdviserMagazine
July 21, 2026
0

Samuel Boivin | Nurphoto | Getty ImagesElon Musk warned that investors betting against SpaceX have little chance of survival —...

edit post
Traders bet that this stock will lead the way in a crypto comeback

Traders bet that this stock will lead the way in a crypto comeback

by TheAdviserMagazine
July 21, 2026
0

Joe Raedle | Getty ImagesThe S&P 500 has barely moved in five days, but crypto assets are gaining some momentum...

edit post
The Summer 2026 Rent-to-Payment Report: Where You Can Still Cash Flow With Real Estate

The Summer 2026 Rent-to-Payment Report: Where You Can Still Cash Flow With Real Estate

by TheAdviserMagazine
July 21, 2026
0

In This Article Foreword by Dave Meyer In a new era of real estate investing, the old rules of thumb...

edit post
SmartFinancial Releases Q2 2026 Financial Results

SmartFinancial Releases Q2 2026 Financial Results

by TheAdviserMagazine
July 21, 2026
0

AlphaStreet Newsdesk powered by AlphaStreet Intelligence SMBK|EPS $0.96 vs $0.92 est (+4.3%)|Rev $78.0M|Net Income $16.3M SmartFinancial, Inc. (SMBK) delivered Q2...

edit post
Why After-Hours Trading Is Awesome Right Now

Why After-Hours Trading Is Awesome Right Now

by TheAdviserMagazine
July 21, 2026
0

This is a hot market for trading ANY time of day. There are plays galore, including premarket, normal hours and...

Next Post
edit post
The Trump admin passes on alcohol recommendation after pushback from the alcohol industry

The Trump admin passes on alcohol recommendation after pushback from the alcohol industry

edit post
From Chaos To Control: How Fleet Visibility Improves Customer Experience For Local Businesses

From Chaos To Control: How Fleet Visibility Improves Customer Experience For Local Businesses

  • Trending
  • Comments
  • Latest
edit post
Mass Fraud in Massachusetts Committed by Illegal Immigrants Discovered

Mass Fraud in Massachusetts Committed by Illegal Immigrants Discovered

June 22, 2026
edit post
New Jersey Tax-Relief Events: Three July Dates Near Seniors

New Jersey Tax-Relief Events: Three July Dates Near Seniors

July 13, 2026
edit post
Bristlecone pines growing in the White Mountains of California germinated before the Great Pyramid was built, and the oldest one alive today, nicknamed Methuselah, has been quietly adding rings for 4,855 years in soil so poor almost nothing else survives beside it

Bristlecone pines growing in the White Mountains of California germinated before the Great Pyramid was built, and the oldest one alive today, nicknamed Methuselah, has been quietly adding rings for 4,855 years in soil so poor almost nothing else survives beside it

July 8, 2026
edit post
Retail giant exits U.S. fashion after multi-million-dollar scandal

Retail giant exits U.S. fashion after multi-million-dollar scandal

July 1, 2026
edit post
Same Portfolio. Same Retirement. A 10-Mile Move Costs One Couple ,000 A Year

Same Portfolio. Same Retirement. A 10-Mile Move Costs One Couple $10,000 A Year

June 27, 2026
edit post
Top Democrats Are Trapped in a Catch 22

Top Democrats Are Trapped in a Catch 22

July 6, 2026
edit post
Trump plans high generic-drug tariffs in 2028 to spur U.S. production

Trump plans high generic-drug tariffs in 2028 to spur U.S. production

0
edit post
Kazakhstan Signs Network School Deal as Malaysia Revokes License

Kazakhstan Signs Network School Deal as Malaysia Revokes License

0
edit post
Trump Retirement Accounts?

Trump Retirement Accounts?

0
edit post
90% of students use AI in the classroom, Instructure poll finds

90% of students use AI in the classroom, Instructure poll finds

0
edit post
Why Your Insulin Price Could Change Even When Your Insurance Plan Doesn’t

Why Your Insulin Price Could Change Even When Your Insurance Plan Doesn’t

0
edit post
US refueling planes still threaten Israel flight cancellations

US refueling planes still threaten Israel flight cancellations

0
edit post
Trump plans high generic-drug tariffs in 2028 to spur U.S. production

Trump plans high generic-drug tariffs in 2028 to spur U.S. production

July 21, 2026
edit post
Kazakhstan Signs Network School Deal as Malaysia Revokes License

Kazakhstan Signs Network School Deal as Malaysia Revokes License

July 21, 2026
edit post
Why Your Insulin Price Could Change Even When Your Insurance Plan Doesn’t

Why Your Insulin Price Could Change Even When Your Insurance Plan Doesn’t

July 21, 2026
edit post
SUI Hits 4.5B Transactions As Wallet Activity Climbs

SUI Hits 4.5B Transactions As Wallet Activity Climbs

July 21, 2026
edit post
How to Tell Whether a Government Check Is Legitimate

How to Tell Whether a Government Check Is Legitimate

July 21, 2026
edit post
Ask an Advisor: What would you tell your younger self?

Ask an Advisor: What would you tell your younger self?

July 21, 2026
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Trump plans high generic-drug tariffs in 2028 to spur U.S. production
  • Kazakhstan Signs Network School Deal as Malaysia Revokes License
  • Why Your Insulin Price Could Change Even When Your Insurance Plan Doesn’t
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.