Trump To Scrap Biden's Fuel-economy Standards [Barron's]
General Motors Company (GM)
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Source: Barrons
Trump will be joined in the Oval Office mid-afternoon by the CEOs of Ford and Stellantis, and a General Motors' official, to announce the rollback -- with the presence of the so-called "Big Three" automakers signaling critical industry buy-in. Advertisement - Scroll to Continue "Joe Biden's fuel efficiency regulations would have raised the cost of a new vehicle by $1,000," the White House said on X, adding that Trump's reset would save Americans $109 billion. The reset concerns Corporate Average Fuel Economy (CAFE) standards, which date back to 1975, when the United States was hit by the Arab oil embargo, and regulate how far vehicles must travel on a gallon of fuel. The full extent of the move wasn't immediately clear. But the Trump administration has repeatedly signaled its opposition to efficiency increases enacted under Biden. The latter sought to boost it eight percent annually for model years 2024–2025 and 10 percent annually for model year 2026 -- reaching more than
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