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Trump’s Executive Order to End E.V. Subsidies Draws Pushback
If President Trump has his way, the auto industry’s transition to electric vehicles will soon slam into reverse. He will erase tax credits for electric-vehicle purchases, federal grants for chargers, and subsidies and loans to help retool assembly lines and build battery factories.
Executive orders issued by Mr. Trump on Inauguration Day amount to a sweeping repudiation of a centerpiece of former President Joseph R. Biden Jr.’s multibillion-dollar program to address climate change, which Republicans cast as a campaign to ban gasoline cars.
The orders also present a challenge to automakers that have invested billions of dollars in electric vehicles, in part because the Biden administration encouraged them to. But some of the orders appear to bypass Congress or federal rule-making procedures, which could make them vulnerable to lawsuits and even resistance from within the Republican Party.
While framed as a way to revive the American auto industry, the orders could cause U.S. carmakers to fall behind if they scale back their electric-vehicle programs while Asian and European automakers continue perfecting the technology, analysts say. Already, 50 percent of car sales in China are electric or plug-in hybrids, and Chinese automakers like BYD are selling more cars around the world, taking customers away from established car companies, including American manufacturers.
An executive order entitled “Unleashing American Energy” and signed by the president on Monday instructs federal agencies to immediately pause disbursement of funds allocated by Congress that were part of the Biden effort to push the auto industry toward vehicles with no tailpipe emissions.
Among other things, the funds helped states to install fast chargers along major highways and provided tax credits of up to $7,500 for buyers of new electric vehicles and $4,000 to buyers of used models. The credits effectively made the cost of buying some electric cars roughly on par with prices for cars with gasoline or diesel engines.
Mr. Trump also rescinded an aspirational Biden executive order that called for 50 percent of new vehicles sold in 2030 to be fully electric, plug-in hybrids or vehicles that run on hydrogen fuel cells.
And Mr. Trump said the administration would seek to revoke California’s authority to establish air-quality standards that are stricter than federal rules. That would have a broad effect. California is aiming for 100 percent of new-car sales to be electric by 2035, and some of its standards are copied by at least 17 other states.
“The impact of this will be significant,” said Shay Natarajan, a partner at Mobility Impact Partners, a private equity firm that invests in sustainable transportation.
If demand for electric vehicles flags, as it has in other countries like Germany that cut incentives, she noted, carmakers could be left with costly, underused electric-vehicle and battery factories.
“Federal funding for E.V. and battery manufacturing will be harder to access, increasing the risk of stranded capital for manufacturing projects already underway,” Ms. Natarajan said in an email.
Representatives of the fossil-fuel industry celebrated the president’s action, while environmentalists lamented what they said was a serious setback to efforts to cut greenhouse gas emissions and reduce urban air pollution caused by cars.
“This is a new day for American energy,” Mike Sommers, the president of the American Petroleum Institute, said in a statement, “and we applaud President Trump for moving swiftly to chart a new path where U.S. oil and natural gas are embraced, not restricted.”
Katherine García, a transportation expert at the Sierra Club, said: “Rolling back vehicle emission safeguards harms our health, our wallets and our climate. We will fight him at every turn of the road.”
But the end effect may not be as broad as the forceful language in Mr. Trump’s executive orders suggests.
Funds to encourage electric-vehicle sales and manufacturing were enshrined in legislation that the president cannot unilaterally repeal. Mr. Trump also cannot revoke rules that the Treasury Department and other government agencies established to determine how the money would be handed out merely with a stroke of the pen. Any attempt to short-circuit the laborious process of proposing new regulations that includes seeking comments from the public will almost surely invite credible legal challenges.
The Department of Energy has agreed to lend billions to carmakers like Rivian, which will receive $6 billion for a factory near Atlanta to produce electric sport utility vehicles. The loan agreements, some finalized in the waning days of the Biden administration, are binding contracts.
Much of the money has flowed to congressional districts in states like Georgia, Ohio, South Carolina and Tennessee where Republicans dominate local politics. Their representatives may hesitate to repeal laws that have brought their districts jobs and investment. That is a challenge for Republican leaders wrangling slim majorities in the House and Senate.
Ultimately, individuals and families will decide what cars they buy. Electric vehicles and plug-in hybrids are gaining market share not only because of subsidies, but also because they offer rapid acceleration and lower fuel costs. Cars that run on fossil fuels have been losing share, though that could change if financial incentives are removed from battery-powered cars and trucks.
The abrupt shift in political direction presents a quandary for automakers. Some may welcome promises by the president to rescind emissions and air-quality standards that force manufacturers to sell more electric cars than they might like. But elimination of federal subsidies could upset their financial planning when most are struggling to earn or increase profits.
The about-face on electric-vehicle policies adds to a climate of uncertainty and peril heightened by the president’s promise to impose 25 percent tariffs on goods from Canada and Mexico, which are major suppliers of cars and car parts to the United States.
The U.S. auto industry “will be shattered by tariffs on assembled vehicles or parts at this level,” Carl Weinberg, chief economist at High Frequency Economics, said in a note to clients Tuesday.
Some carmakers seemed to applaud the president’s actions, while others were noncommittal.
“President Trump’s clear focus on policies that support a robust and competitive manufacturing base in the United States is hugely positive,” Stellantis, which owns Dodge, Jeep, Ram, Chrysler and other brands, said in a statement.
Mary T. Barra, the chief executive of General Motors, congratulated Mr. Trump on Monday on X and said that the company “looks forward to working together on our shared goal of a strong U.S. automotive industry.”
There is no sign that Elon Musk — the chief executive of Tesla and head of what Mr. Trump is calling the Department of Government Efficiency — is using his influence to blunt the attack on electric vehicles. Tesla accounts for slightly less than half the electric cars sold in the United States, and almost all its vehicles qualify for $7,500 tax credits.
Four of the 16 cars and trucks that can be purchased with the help of that tax break are made by Tesla. G.M. is the only automaker that has more eligible models, at five. No other company has more than two qualifying vehicles.
Mr. Musk has previously said that the government should get rid of all subsidies and that Tesla would suffer less than other automakers. But analysts note that Tesla’s sales and profits would be hit hard if Mr. Trump successfully repealed or truncated the electric-vehicle tax credit, California’s clean-air waiver and other such policies.
Tesla did not respond to a request for comment.
During an appearance before Trump supporters in Washington on Monday, Mr. Musk, who is also the chief executive of SpaceX, exulted that the president had promised to send astronauts to Mars. “Can you imagine how awesome it will be to have astronauts plant the flag on another planet for the first time?” Mr. Musk said. He did not mention cars.
PHILADELPHIA (AP) — Philadelphia Phillies third baseman Alec Bohm has sued his parents for millions of dollars, accusing them of siphoning large amounts of his money into financial accounts they managed for him and then using some of the cash to pay their own expenses.
Bohm’s lawsuit, filed Wednesday in a Philadelphia court, comes after he began to review his personal and financial affairs in recent months, and said that his parents refused to give him access to the accounts or provide him with the information he sought about them.
They sought to “freeze” him out of four accounts — established as limited liability companies — and he now believes they “converted a sizeable amount” of his money from those accounts “to their own use,” the lawsuit said.
By the time he sought the information, his parents had already transferred millions of dollars from his personal accounts to the accounts they controlled, the lawsuit said.
Bohm’s parents, Daniel and Lisa Bohm, denied doing anything wrong and, through their lawyer, said they are “deeply saddened by the allegations” and will aggressively defend themselves. Alec Bohm has had full access to the accounts and his parents are paying his expenses on their personal credit cards, their lawyer, Robert Eckard, said in a statement.
“Mr. and Mrs. Bohm love their son very much and have always acted in his best interests, both personally and professionally, and still do so to this day,” Eckard said.
After Thursday’s 2026 season opening game, Bohm declined comment to reporters, saying “I’m not going to address any personal matters right now.”
Both parties say the first of the accounts was opened in 2019. His parents told him that they assigned themselves a 10% stake, strictly for administration purposes, and that Bohm was the “true” owner of all of the LLC’s assets, Bohm’s lawsuit said.
The accounts had various purposes, such as investing in securities or buying real estate. Bohm’s lawsuit also said they used money from The Alec Bohm Foundation to pay their expenses.
Bohm’s lawsuit asks his parents to pay at least $3 million in damages, hand over control of the accounts and hire an accountant to track every dollar they transferred from Bohm’s personal accounts to the accounts they controlled.
Bohm, 29, has a $10.2 million contract with the Phillies for the 2026 baseball season. The lawsuit said his parents live in a recreational vehicle and travel the country.
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Secretary of State Marco Rubio arrived in France on Friday to attend the G7 foreign ministers meeting where he will deliver a clear message on U.S. priorities for the ongoing war with Iran.
In the days leading up to the meeting, other members have taken markedly different approaches to the war. Nearly all of Washington’s partners — Britain, Canada, France, Germany, Italy and Japan — have reacted cautiously to the U.S.-Israeli military campaign and declined to participate in offensive operations, even as they condemn Iranian actions.
Before departing on Thursday, Rubio signaled a defiant approach to the talks: “I don’t work for France or Germany or Japan… the people I’m interested in making happy are the people of the United States. I work for them,” he said in a video posted on X.
The divergence has drawn frustration from President Donald Trump, who has pressed allies to contribute more, particularly in securing key maritime routes such as the Strait of Hormuz. While some countries have signaled a willingness to support defensive or maritime security efforts, they have stopped short of joining direct military strikes.
TRUMP PRESSES NATO PARTNERS ON SUPPORT AS HEGSETH BLASTS HESITATION
“The U.S. is constantly asked to help in wars and we have. But when we had a need, it didn’t get positive responses from NATO. A couple leaders said that Iran was not Europe’s war. Well, Ukraine isn’t our war, yet we’ve contributed more to that fight than anyone,” Rubio added.
“The Strait of Hormuz could be open tomorrow if Iran stops threatening global shipping, which is an outrage and a violation of international law. For all these countries that care about international law, they should be doing something about it,” he said before boarding his plane to France.
The remarks set the tone for a summit already marked by growing friction between Washington and some of its closest allies over how to handle the Iran conflict. Rubio has framed the stakes in stark terms. “Iran has been at war with the United States for 47 years… Iran has been killing Americans and attacking Americans across this planet,” he said during a White House cabinet meeting, adding that allowing Tehran to obtain nuclear weapons would be “an unacceptable risk for the world.”
But even before Rubio arrived at the meeting, European officials were signaling a markedly different approach.
“We need to exit from the war, not escalate this further, because the consequences for everybody around the world are quite severe,” Vice President of the European Commission Kaja Kallas said during a briefing on the sidelines of the G7 on Thursday.
JACK KEANE CALLS OUT NATO’S WEAKNESS AS SHIPPING CRISIS GRIPS STRAIT OF HORMUZ
(L/R, clockwise) French President Emmanuel Macron, European Commission President Ursula Von der Leyen, NATO Secretary General Mark Rutte, Japanese Prime Minister Shigeru Ishiba, German Chancellor Friedrich Merz, US Secretary of Treasury Scott Bessent, Canadian Prime Minister Mark Carney, Ukrainian President Volodymyr Zelenskyy, British Prime Minister Keir Starmer, and Italian Prime Minister Giorgia Meloni meet during the Group of Seven (G7) Summit at the Pomeroy Kananaskis Mountain Lodge in Kananaskis, Alberta, Canada on June 17, 2025 (LUDOVIC MARIN/AFP via Getty Images)
“It can only be a diplomatic solution… sit down and negotiate to have a way out,” she added.
The contrast between Rubio’s framing and Kallas’s message captures the core tension shaping the meeting.
U.S. officials say Rubio is heading into the talks with a broader agenda that goes beyond Iran.
According to a State Department spokesperson, who spoke to Fox News Digital on background, Rubio will use the meeting to “advance key U.S. interests” and push discussions on the wars in Ukraine and the Middle East, as well as “international burden sharing” and the overall effectiveness of the G7.
The U.S. is also expected to emphasize maritime security, including freedom of navigation in the Strait of Hormuz and the Red Sea, while urging allies to take on a greater share of responsibilities in conflict zones and international organizations, the spokesperson said.
RUBIO, RATCLIFFE TO DELIVER CLASSIFIED IRAN BRIEFING TO ‘GANG OF EIGHT’ AHEAD OF TRUMP’S STATE OF THE UNION
U.S. Secretary of State Marco Rubio speaks to reporters before boarding a plane as he is headed to France where he will take part in the G7 foreign ministers’ meeting, at Joint Base Andrews in Maryland, U.S., March 26, 2026. (Brendan Smialowski/Pool via Reuters)
European officials have instead emphasized the broader risks of the conflict.
France’s foreign minister, Jean-Noël Barrot, said discussions at the G7 would build on a recent joint statement condemning Iran’s actions while also addressing maritime security concerns.
He said the “discussions will provide an opportunity to revisit positions already agreed at the G7 level… including the unjustifiable attacks carried out by Iran against Gulf countries… which we condemned in the strongest possible terms.”
Barrot added that ministers would also focus on securing global shipping routes.
A satellite image shows the Strait of Hormuz, a key maritime passage connecting the Persian Gulf to the Gulf of Oman, vital for global energy supply. (Amanda Macias/Fox News Digital)
“We will also have the opportunity to address maritime security and freedom of navigation… including an international mission… to ensure the smooth flow of maritime traffic in a strictly defensive posture, thereby helping to ease pressure on energy prices,” he said.
Kallas echoed that global framing. “All the countries in the world are one way or another affected by this war… it is in the interest of everybody that this war stops,” she said.
IRAN SIGNALS NUCLEAR PROGRESS IN GENEVA AS TRUMP CALLS FOR FULL DISMANTLEMENT
Kaja Kallas, High Representative of the European Union (EU) for Foreign Affairs and Security Policy speaks to the press during EU Summit in Brussels, Belgium on Dec. 19, 2024. (Photo by Nicolas Landemard/Anadolu via Getty Images)
Her remarks also pointed to the interconnected nature of the crisis. “Russia is helping Iran with intelligence… and also supporting Iran now with drones,” she said, linking the Iran conflict to the war in Ukraine.
That uncertainty is already affecting the structure of the summit, with officials dropping plans for a unified final communiqué to avoid exposing divisions, Reuters reported.
Analysts say those differences reflect deeper structural tensions in the alliance. “Europe has criticized Donald Trump’s ‘maximum pressure’ strategy towards Iran while pursuing a failed diplomatic approach that has enabled the regime to expand its terrorist networks and edge closer to nuclear threshold status,” Barak Seener, senior research fellow at the Henry Jackson Society, told Fox News Digital.
“This reflects a lack of European capability to project power in the region, particularly in safeguarding the Strait of Hormuz.”
FILE PHOTO: Cargo ships in the Gulf, near the Strait of Hormuz, as seen from northern Ras al-Khaimah, near the border with Oman’s Musandam governance, amid the U.S.-Israeli conflict with Iran, in United Arab Emirates, March 11, 2026. (REUTERS/Stringer/File Photo/File Photo)
Seener added that years of reliance on Washington have left Europe increasingly exposed as the U.S. shifts its strategic priorities. “Years of underinvestment in defense and reliance on the United States have created a dependency that Washington increasingly views as a betrayal of the peace it has guaranteed Europe since the Second World War,” he said.
“With the U.S. placing greater value on its relationship with Israel than NATO, the result may be further erosion of the alliance, reduced support for Ukraine and rising economic pressure on Europe.”
He warned that the immediate test will come at the G7 itself. “Divisions over how to respond to Iran and to any U.S. request for support are likely to expose a deeper transatlantic split,” Seener said.
“Operation Epic Fury has showcased President Trump’s ability to assemble a coalition of allies to eliminate a common threat — in this case the Iranian regime — and stabilize international trade,” Jacob Olidort, chief research officer and director of American security at the America First Policy Institute, told Fox News Digital.
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A satellite view shows the Strait of Hormuz, a key global energy chokepoint connecting the Persian Gulf to the Gulf of Oman, on Oct. 2, 2024. (Gallo Images/Orbital Horizon/Copernicus Sentinel Data via Getty Images)
“The failure of Western Europe to participate in securing the Strait of Hormuz is particularly egregious because those countries depend on it more than we do,” he added.
“At the same time, the historic successes of Operation Epic Fury have awakened a new confidence in our Middle East partners to eradicate the threats from the Iranian regime and to work together to shape a more peaceful and prosperous region.”
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On today’s show:
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Top story: G7 Summit debrief with Méabh Mc Mahon and Maia de la Baume.
Explainer by Jakub Janas: What’s the point of the G7 meeting?
Iran war update with Méabh Mc Mahon and Babak Kamiar.
Interview with Ghassan Salamé, Lebanese Culture Minister.
Interview with Valérie Hayer, Member of the European Parliament (Renew Europe, France).
When and where to watch Europe Today?
You can join Euronews’ chief anchor Méabh Mc Mahon and our EU editor Maria Tadeo live on TV and Euronews’ website and digital platforms every weekday.
Our new format brings you the day’s key events plus crucial analysis of all the stories shaping the EU and beyond. It’s also available as a newsletter and podcast.
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