President Donald Trump has signed an executive order promising to eliminate what he incorrectly labels "the electric vehicle mandate" imposed under former President Joe Biden.

For investors like me, this means looking at the market through a new lens,' writes MFV Partners founder Karthee Madasamy.

President Donald Trump pledged to revoke the so-called electric vehicle mandate, and an executive order on day one of his second presidential term signals his intent to undo much of his predecessor's legacy when it comes to electric vehicle promotion.

Within hours of being sworn into the White House, President Donald Trump signed a sweeping executive order meant to end policies supporting the electric vehicle industry. “We will revoke the electric vehicle mandate,

President Trump revoked the executive order signed by former President Biden in 2021 that ensure 50% of all new vehicles sold in the U.S. would be electric by 2030. In his inauguration speech, President Trump decided to undo what he labeled as the electric vehicle mandate to save the U.