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.

Now, the automakers, who were already losing billions on EVs, could be in more trouble, depending on how much EV sales were buoyed by the mandates the automakers were counting on.