The company formerly known as Google has seen almost a 16 per cent rise in share price from when Trump was confirmed as having won the US election in early November, and while it has held fairly steady across the past month, the final week of Joe Biden’s administration did see an initial 1.6 per cent rise.

Trump says he plans in his first days in office to end what he calls the EV mandate, allowing Americans to buy whatever cars they want. While he didn’t give specifics, Trump is likely referring to Environmental Protection Agency rules that require auto manufacturers to cut in half greenhouse gas emissions in new light- and medium-duty vehicles by 2027.

As Donald Trump resumes the presidency, the electric vehicle (EV) industry in the United States faces an uncertain futur

In one of his first acts after taking office, President Trump signed an executive order titled “Unleashing American Energy” that

President Donald Trump revoked a total of 78 executive orders signed by his predecessor, including one that aimed to make 50% of all new vehicles sold in the U.S. electric by 2030. The target was nonbinding but was supported by automotive manufacturers.