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 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.

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.