President Trump has slashed a slew of EV-related policies, which could affect many states that have received billions of dollars in investment for electrification, notably Michigan.

Trump declared a "national energy emergency" among several executive actions to carry out his long-promised "drill, baby, drill" agenda.

President-elect Donald Trump is set to declare a national energy emergency on Day 1 of his return to power, part of his administration's plan to ramp up domestic energy production. The order will focus on unlocking Alaska's resources as well as ending what a Trump White House official called "the electric vehicle mandate."

Michigan electric vehicle stakeholders say they remain optimistic following President Donald Trump's move to slash EV-related policies. (AP video: Mike Householder)

Other Trump orders include reversing a policy of pushing carmakers to make 50% of their output be electric vehicles by 2030, which the Republican frequently says would jack up costs and limit consumer choice. He also withdrew from the 2015 Paris Climate Agreement, which he said unfairly required the US to reduce emissions more than China.

President Trump's executive order on electric vehicles could end subsidies and programs that promoted that aspect of the car market. Joann Muller, a transportation correspondent at Axios, joins CBS News with more.