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On Monday, the U.S. President targeted electric vehicles, revoking an order signed by his predecessor, Joe Biden, aimed at ensuring that half of all new vehicles sold in the United States by 2030 would be electric.

Biden's non-binding goal of 50% had garnered support from both U.S. and foreign automakers.

In an executive order, Trump announced the halt of unspent government funds for vehicle projects, called to terminate a waiver for states regarding zero-emission vehicle rules by 2035, and expressed the intention to reconsider EV tax credits.

Trump intends to instruct the Environmental Protection Agency to review regulations imposing stricter emissions standards, which would require automakers to have between 30% to 56% electric vehicles by 2032 to comply with federal and Transportation Department rules.

Trump's order also seeks the repeal of California's waiver to prohibit the sale of gasoline-only vehicles by 2035, a rule adopted by 11 other states.

The order calls for the EPA to end state emissions waivers that limit sales of gasoline-powered cars and contemplate removing subsidies that favor electric vehicles over other technologies.

Furthermore, Trump had hinted at considering the repeal of the $7,500 consumer tax credit for electric vehicle purchases as part of broader tax reforms.

During his campaign, Trump vowed to overturn Biden's "EV mandate," emphasizing a pro-oil production stance and the rollback of clean-energy initiatives. Biden, in contrast, had refrained from endorsing a specific timeline to end the sale of internal combustion engines.