Auto stocks mixed after Trump signs rollback of California EV mandate

President Donald Trump on Thursday signed legislation that terminates the state of California's electric vehicle (EV) mandate.

The president signed a law repealing a waiver the Biden administration's Environmental Protection Agency (EPA) granted California to enforce its own emissions standard that would have required the minimum percentage of zero-emission cars to rise from 35% for the 2026 model year to 100% in 2035. Eleven other states signed on to California's EV mandate.

"This...