Trump rolls back fuel-economy standards, easing Biden-era targets
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Trump rolls back fuel-economy standards, easing Biden-era targets

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Summary

President Donald Trump announced a reversal of the Biden administration's fuel-economy rules, citing lower vehicle costs and reduced production waste.

President Donald Trump said on Saturday that his administration has approved new Corporate Average Fuel Economy (CAFE) standards that replace the stricter rules set under Joe Biden. The Biden standards required passenger cars and light trucks to reach about 50 miles per gallon by 2031, a target intended to encourage electric-vehicle production and sales.

Trump described the revised standards as beneficial for automakers and consumers, saying they would cut waste in vehicle manufacturing and lower prices for buyers. He noted that major manufacturers, including General Motors, Ford and Stellantis, had expressed interest in building vehicles under the new guidelines.

Transportation Secretary Sean Duffy indicated that the forthcoming standards would be significantly less demanding than the previous administration's targets, though the exact figures have not been released. The policy shift aligns with Trump's campaign promise to rescind measures that promoted electric vehicles.

Source

CNBC

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