Trump rolls back Biden-era fuel economy standards, paving way for more gas-powered cars [View all]
Source: Yahoo! Finance
Wed, December 3, 2025 at 4:26 PM EST
President Trump rolled back fuel economy rules that he claims created an “EV mandate” after former President Joe Biden imposed stricter fuel economy standards last year.
Trump said the administration was officially terminating Biden’s “ridiculous” CAFE (corporate average fuel economy) rules, claiming car prices would come down in response to today’s action. Automakers are now required to meet an average of 34.5 mpg across their model fleet by 2031, a dramatic drop from the average of 50.4 mpg across 2031 that the Biden administration had proposed.
Trump said the action would allow automakers to produce cheaper cars, saving consumers “[at] least $1,000” off the price of a car.
Ford (F) CEO Jim Farley, Stellantis (STLA) CEO Antonio Filosa, and other auto industry executives were in attendance.
Read more: https://finance.yahoo.com/news/trump-rolls-back-biden-era-fuel-economy-standards-paving-way-for-more-gas-powered-cars-212656060.html
REFERENCE - https://www.democraticunderground.com/10143576326
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