Why 21 Billionaires Are Moving Their Money ASAP

Nvidia is driving us head-on into the largest stock market collapse in history. On May 21, a special announcement will send a stock's reputation downward. This is why 21 legendary billionaires, including Warren Buffett, Tim Cook, and Jeff Bezos, are preparing ASAP.

What's next for EVs under President Trump?

ALEXA ST. JOHN and MATTHEW DALY
January 21, 2025

WASHINGTON (AP) -- President Donald Trump signed an executive order promising to eliminate what he incorrectly labels "the electric vehicle mandate" imposed under former President Joe Biden. His order on Monday is consistent with pledges Trump made on the campaign trail to end what he calls a "preposterous" focus on EV's by Biden and other Democrats. The order, along with other steps expected in a second Trump administration, could slow U.S. efforts to address climate change, much of which is caused by burning gasoline and diesel fuel that emit carbon dioxide and other planet-warming greenhouse gases.

Here is a look at Trump's actions and what happens next.

What does Trump's executive order say about EVs?

Trump's order said he would "eliminate the electric vehicle (EV) mandate" and promote true consumer choice, which is essential for economic growth and innovation, by removing regulatory barriers to motor vehicle access; by ensuring a level regulatory playing field for consumer choice in vehicles." While there is no Biden "mandate" to force the purchase of EVs, the Democratic president's policies were aimed at encouraging Americans to buy them and car companies to shift from gas-powered vehicles to electric cars.

Trump's order, entitled "Unleashing American Energy,'' also said his administration would terminate "where appropriate, state emissions waivers that function to limit sales of gasoline-powered automobiles; and by considering the elimination of unfair subsidies and other ill-conceived government-imposed market distortions that favor EVs over other technologies and effectively mandate their purchase by individuals, private businesses, and government entities alike by rendering other types of vehicles unaffordable."

Language in the order and others issued by Trump on Monday indicate he is likely to seek to repeal a $7,500 tax credit for new EV purchases approved by Congress as part of Biden's landmark 2022 climate law, as well as roll back Biden-era Environmental Protection Agency rules to tighten limits on greenhouse gas emissions and other pollution from passenger and commercial vehicles.

Trump has also promised to end a federal exemption that allows California to phase out the sale of gas-powered cars by 2035. The federal waiver is important not only to California but also to more than a dozen other states that follow its nation-leading standards on vehicle emissions.

Trump's order Monday was reminiscent of action taken during his first term in the White House, when he rolled back tough vehicle emissions standards set under Democratic then-President Barack Obama.

Did Trump address EV charging?

In the executive order, Trump also put an immediate pause to billions of dollars in funding allocated for EV charging stations appropriated through the climate law, known as the Inflation Reduction Act and the bipartisan infrastructure law approved in 2021.

Biden had set a goal of creating 500,000 such chargers by 2030. As of late last year, there were 214 operational chargers in 12 states that have been funded through the federal laws, with 24,800 projects underway across the country, according to the Federal Highway Administration. A total of more than 203,000 publicly available charging ports are operating across the U.S., with nearly 1,000 being turned on every week, according to the agency. This is more than double the number available in 2021.

What EV-related policies currently exist?

While in office, Biden set a goal for half of all new vehicles sold in the U.S. by 2030 to be electric and dedicated funding to EV charging infrastructure through the National Electric Vehicle Infrastructure Formula and the Charging and Fueling Infrastructure Discretionary Grant programs.

Under the former president, the EPA created tailpipe limits to curb planet-warming emissions from passenger vehicles. The final rules are the most ambitious standards of their kind in the nation. Still, automakers could meet the EPA's limits with sales of EVs as low as 30% in 2032, along with more fuel-efficient gasoline-powered vehicles.

Also under Biden, the U.S. National Highway Traffic Safety Administration set standards on fuel-efficiency requirements, which required new vehicles sold in the nation to average about 38 miles per gallon of gasoline in 2031, up from about 29 mpg in 2024.

Both sets of rules inherently incentivized automakers to electrify their lineups for American car buyers.

Where do EVs stand in the US?

Though the pace of EV sales growth in the U.S. slowed last year, EVs accounted for 8.1% of new vehicle sales, up from 7.9% the year before, according to Motorintelligence.com.

While the cost of EVs has slowly come down as the auto industry scales manufacturing of the vehicles and expensive battery prices improve, they still cost more upfront than traditional gasoline-powered cars.

Even before Monday's order, some automakers have pulled back ambitious plans to go electric. Ford nixed plans for electric three-row SUVs in lieu of making them gas-electric hybrids; General Motors delayed production at an EV battery cell plant.

What happens next?

Temporarily, sales of EVs could skyrocket as car-buyers rush to take advantage of existing tax credits encouraging electrified car purchases.

But the order also means the U.S. could have a more challenging time meeting emissions reductions goals in the long run. Light-duty cars and trucks are responsible for more than half of the U.S. greenhouse gases from transportation, and the sector itself is a major contributor to the nation's overall emissions.

Any action to roll back or revise regulations is likely to face legal challenges from environmental groups and others.

"These clean car rollbacks will burden Americans with a Trumpfecta of higher prices, more pollution and weaker competitiveness," said Dan Becker, director of the Center for Biological Diversity's Safe Climate Transport Campaign. "Trump's attacking the biggest single step ever taken to fight climate pollution."

___

St. John reported from Detroit.

___

Read more of AP's climate coverage at http://www.apnews.com/climate-and-environment

___

The Associated Press' climate and environmental coverage receives financial support from multiple private foundations. AP is solely responsible for all content. Find AP's standards for working with philanthropies, a list of supporters and funded coverage areas at AP.org.

Continue Reading...

Popular

Kroger Chairman and CEO resigns following investigation into personal conduct

Kroger Chairman and CEO Rodney McMullen has resigned after an internal investigation into his personal conduct.

Palantir Cofounder Peter Thiel Might Write A Book About Ancient Prophecies, The Antichrist, And Armageddon - He Thinks We're Ignoring The Real Threat

Billionaire tech investor Peter Thiel is exploring a book on ancient prophecies, the Antichrist, and Armageddon, warning that society is ignoring the threat of a one-world government—a concern he believes demands urgent attention.

Washington Won't Save You--but This 4-Step Plan Might - Ad

America's economy is unraveling--soaring costs, skyrocketing debt, and Wall Street insiders dumping stocks. This isn't a recession--it's an economic breakdown. Stocks could crash 50%, real estate 40%, and inflation will eat your savings. But history shows: the biggest crashes create the biggest fortunes--if you act now!

Trump's Crypto Reserve Plan Sparks Controversy, Schiff Questions XRP Inclusion, Polymarket CEO Invited To White House: This Week In Crypto

The crypto world was shaken as Trump's announcement of a U.S. cryptocurrency reserve sparked backlash from tech allies, criticism from economist Peter Schiff, and calls for a Congressional investigation into potential insider trading and market manipulation.

What Happens When Every Bureaucrat Is Gone? - Ad

DOGE could be on the verge of replacing thousands of entrenched government bureaucrats with a new form of AI. This one move could save American taxpayers billions of dollars. But even more important to you as an investor ...It could light a fire under the AI market. And I believe six specific stocks could soar as a result.

Explorers discover wreckage of cargo ship that sank in Lake Superior storm more than 130 years ago

MADISON, Wis. (AP) — Twenty years before the Titanic changed maritime history, another ship touted as the next great technological feat set sail on the Great Lakes.

The Exact March Date AI Stocks Will Boom? - Ad

AI stocks are down--but not for long. Tech legend Jeff Brown, who called Nvidia's 22,000% surge, just revealed the exact date the AI correction could end. A March 17th event could send shares of Musk's key supplier soaring. Missed Nvidia? This could be your second chance!

Japan's economy grew at a 2.2% annual rate in Oct-Dec, as consumers held back on spending

TOKYO (AP) — Japan’s has cut its estimate for its economic growth in the last quarter of the year to a 2.2% annual pace from 2.8% as consumer spending hit demand.

China learned from Trump's first trade war and changed its tactics when tariffs came again

WASHINGTON (AP) — The leaders of both Canada and Mexico got on the phone with President Donald Trump this past week to on their countries, but China’s president appears unlikely to make a similar call soon.

Trump Could Make Surprising Tech Announcement Any Day - Ad

Elon Musk is heavily invested in a cutting-edge new technology. In fact, Musk has turned the new president on to this breakthrough. And President Trump could make an announcement any day that could spike the price of stocks in this sector.

Which US companies are pulling back on diversity initiatives?

A growing number of prominent companies have scaled back or set aside the diversity, equity and inclusion initiatives that endorsed following the protests that accompanied the Minneapolis police killing of George Floyd, a Black man, in 2020.

Tesla's 101x Valuation Raises Alarm As Gordon Johnson Warns Of Sales Slump, Dan Ives Sees AI Upside Despite Elon Musk's DOGE Distractions

Tesla Inc. continues trading at 101 times its 2025 estimated non-GAAP earnings while key metrics decline, prompting GLJ Research's Gordon Johnson to sound alarm on Monday as tech stocks face a significant market correction.

Warning: "The 2025 Tech Meltdown" - Ad

One of the biggest stock market events in 25 years is rapidly unfolding...The chaos is set to begin on May 21st. This is why the world's financial elite are panic-selling stocks at the fastest rate in a decade. So, will you be ready for what's coming?

Trump is buying a Tesla. A look at the harsh things he's had to say about EVs over the years

WASHINGTON (AP) — President Donald Trump, who's to show loyalty to company CEO , has had plenty to say about electric vehicles over the years. Most of it is not good.

The Single Best Electric Aviation Stock to Keep an Eye on Today - Ad

Looking for the next big EV opportunity? The market is expanding rapidly, and one stock is standing out with its innovative approach and strong industry partnerships. Find out more about this potential game-changer.

Major retailers tamper expectations for 2025 as Americans slow their spending

A pullback by American shoppers has led to more caution from national retailers about their sales potential in 2025, Abercrombie & Fitch on Wednesday becoming the latest.

One Tech Tip: Getting a lot of unwanted phone calls? Here are ways to stop them

LONDON (AP) — Unwanted phone calls are out of control. Whether it's a robocall trying to sell you something or spam calls from scammers trying to rip you off, it's enough to make you want to stop answering your phone. So what can you do to stop them?

This Is How the AI Bull Market Ends - Ad

They say this AI bull market can't go on for much longer...The truth is -- they're half right. The AI bull market as we know it right now will end...But it will then quickly evolve into a new type of market where a new type of AI stock will dominate. You want to be positioning yourself for this new AI bull market...

Stocks to Crash on March 16, 2026? Here's Compelling Reason Why - Ad

Perhaps no one on or off Wall Street has been more accurate calling the bull and bear turns of the past 7 years. From the bear markets of 2018 and 2022... to the roaring bull runs of 2021, 2023, and 2024. And now, Marc Chaikin is predicting the next crash will start March 14, 2026. If you have money in the markets, Chaikin's thesis is a must-see.

T-Mobile to Shell Out $350 Million to Customers in Wake of Massive Data Breach

T-Mobile will compensate customers who were affected by a substantial data breach. The company is set to distribute $350 million to its customers.

Canada to name a new leader while dealing with Trump trade war

TORONTO (AP) — looks set to pick a measured former central banker to deal with the threats tariffs pose against a pillar of Western free trade.

Breaking: Elon and Doge's Big AI Announcement - Ad

The AI market is down--but not for long. Elon Musk's DOGE could be about to unveil a game-changing AI that could replace wasteful bureaucrats & save billions. When the news drops, we believe the market will react fast--6 stocks could skyrocket. Don't miss out on this massive opportunity!

Rocket, Redfin Deal Aims To Create End-To-End Real Estate Solution: Where Does That Leave Zillow?

Rocket Companies announces it will acquire Redfin in a $1.75 billion deal to bring homebuyers an end-to-end, online real estate solution from browsing listings to securing a mortgage.

Warren Buffett's Unconventional Career Advice: 'Don't Save Your Passion For Later, It's Like Saving Up Sex For Your Old Age'

In a speech at the University of Georgia, billionaire Warren Buffett once gave a piece of unconventional career advice. He compared the strategy of building a perfect resume to "saving up sex for your old age."

Texas Dollar Alternative? - Ad

As you'll see, the political elite in Texas are backing this new currency to the hilt. One law allows businesses to accept this new currency, the same as if you were paying by cash or with a credit card. So, what is Texas' new currency? And what do you need to do immediately to prepare?

Trump vs Musk? Federal Workers Unconvinced He'll Take Action: 'If They Don't Cut, Elon will, Comments Show Who's Really In Charge'

President Donald Trump has reportedly limited the authority of his billionaire advisor, Elon Musk, to dismiss federal employees. This development has stirred skepticism among the workforce and political circles.

Cardano, XRP, Solana Drop As White House Clarifies Trump's Crypto Reserve Plan

Cardano (CRYPTO: ADA), XRP (CRYPTO: XRP) and Solana (CRYPTO: SOL) declined on Friday after a top White House aide suggested President

Texas to Adopt New Currency? - Ad

As you'll see, the political elite in Texas are backing this new currency to the hilt. One law allows businesses to accept this new currency, the same as if you were paying by cash or with a credit card. So, what is Texas' new currency? And what do you need to do immediately to prepare?

Trudeau slams Trump's tariffs, says US is appeasing Putin while launching a trade war against Canada

TORONTO (AP) — Canadian Prime Minister Justin Trudeau called “very dumb” and said that U.S. President Donald Trump is appeasing Russia while launching a trade war against Canada.

Prices rose along border ahead of Trump's tariffs - now disruption looms

As are set to take effect on Tuesday, Hispanic-owned businesses and companies that depend on cross-border trade are already passing higher prices onto consumers and preparing to sharply reduce imports.

Man Who Predicted 2008 Crash Issues Dire Warning: "Get Out of Stocks Now" - Ad

Tech stocks are tanking--Nvidia down 30%, Tesla 50%--and ex-Wall Street CEO Dylan Jovine says it's about to get worse. He predicted the 2008 crash & made 700% gains while the market collapsed. Now, he's moving millions into a billionaire safe haven--and revealing his 4-step strategy. Don't wait!

Inflation eases to 2.4% in Europe, supporting likely central bank rate cut

FRANKFURT, Germany (AP) — Inflation in Europe eased to an annual 2.4% in February, supporting the case for another interest rate cut from the European Central Bank but leaving open how far the central bank will go in lowering borrowing costs for an economy that's still struggling to show robust growth.

Mortgage lender Rocket Cos. to acquire real estate brokerage Redfin in deal valued at $1.75 billion

Mortgage lender Rocket Cos. has agreed to acquire online real estate brokerage Redfin in an all-stock deal valued at $1.75 billion.

The $240M AI Disruptor - Ad

This Nasdaq-listed company is redefining AI in the $124 billion smart glass market. From cockpit shading systems to energy-efficient building glass, their technology powers global leaders like Boeing, Mercedes-Benz, and National Geographic. Their projected $240M revenue from aerospace positions them as an AI-driven market disruptor you can't ignore.

Incyte Releases Mixed Data From Late-Stage Opzelura Studies In Skin Disease Characterized By Itchy Firm Lumps

Incyte's Phase 3 TRuE-PN trials show ruxolitinib cream improves itch relief in prurigo nodularis, though TRuE-PN2's primary endpoint fell short.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright smartmoneytrading.net
Privacy Policy | Terms of Service