Why car companies might ask Trump to keep Biden's EV rules in place

Car companies are revving up to ask President-elect Donald Trump to keep President Joe Biden’s tight restrictions and regulations on them going forward.

According to a report from the New York Times, the Biden administration’s actions to boost domestic EV manufacturing may have already set the auto industry past the point of no return. Following Biden’s initiatives, automakers have already invested billions of dollars in transitioning to electric vehicles. If Trump were to scrap the initiative, major automakers fear they could be undercut by smaller manufacturers producing cheaper, internal combustion engine cars.