Washington — The Trump administration’s efforts to ease emissions and fuel economy rules may allow U.S. automakers to slow their electric vehicle (EV) plans. However, industry experts warn that focusing on high-profit gas-powered vehicles could harm automakers in the long term. Sam Abuelsamid of Telemetry advises against shifting back to gas-powered models, citing risks from China’s growing EV industry and potential future regulations under Democratic administrations. Automakers’ responses have been mixed, with some reaffirming EV commitments while others support deregulation. General Motors continues significant EV investments, launching new models like the Cadillac Escalade IQ. Ford increases EV spending despite expected losses, while Stellantis reassesses its strategy amid leadership changes. Toyota supports regulatory relief, emphasizing its hybrid portfolio. Industry observers note challenges for EV-focused companies like Rivian due to policy shifts, while legacy automakers face investor pressure to balance short-term profits with long-term EV goals. — news from Detroit News
