Welcome to the Daily 5 report for Tuesday, Dec. 23.
As nations take different approaches to trade, conflict and governance, there's one thing Western countries can agree on: an electric vehicle pullback.
In the U.S., Ford, General Motors and Stellantis have all announced plans to walk back EV strategies and shift manufacturing away from electric drivetrains.
President Donald Trump's administration has eliminated the waivers that allow California to write stricter vehicle emissions regulations. It has eliminated the EV tax credits and fines for noncompliance with fuel economy standards. It has created new requirements for manufacturers seeking tax credits for battery production.
The EPA has signaled it will eliminate the "endangerment finding," the foundation of the government's ability to regulate greenhouse gas emissions from vehicles. NHTSA has loosened fuel economy standards.
But it's not just happening in the U.S. Canada and Europe are seeing the same trend.
Canada eliminated its rebate program for EVs and the government plans to change its electric vehicle sales mandate this winter. Provinces including Quebec and British Columbia have abandoned incentives and requirements for manufacturers.
In the European Union, a governing commission reduced its emissions requirement by 90 percent from the 2021 baseline.
That's it for today. Have a great rest of your day and, since this will be the last Daily 5 of 2025, enjoy your holidays!
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— Molly Boigon, reporter covering technology and innovation
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