The executive order "Unleashing American Energy" also kills off former President Biden's goal of increasing EV adoption to 50 percent of all new vehicle sales by 2032. The order claims that it is ensuring "consumer choice" and "a level regulatory field" for vehicle sales.

Trump’s new executive order ending the EV mandate could give companies more leeway in the EV transition, but it is not expected to save jobs in the long term.

President Trump's order to revoke what he calls the "EV mandate" gives automakers a welcome reprieve from regulatory hurdles — but could make it harder for them to compete on a global scale with Chinese rivals.