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Stock impact report

Trump administration moves to roll back fuel economy standards set under Biden [CBS News]

Stellantis N.V. Common Shares (STLA) 
Company Research Source: CBS News
Under the Transportation Department proposal, which was unveiled at a White House event on Wednesday, automakers would need to meet less stringent vehicle mileage requirements. Federal fuel economy rules are overseen by the National Highway Traffic Safety Administration (NHTSA) under what's known as the CAFE (Corporate Average Fuel Economy) Standards. Enacted by Congress in 1975, the regulations stipulate how many miles vehicles must be able to drive on a gallon of fuel, with specific standards for light-duty vehicles, as well as medium- and heavy-duty trucks. The rules aim to reduce greenhouse gas emissions and help consumers save money on gas, according to the Transportation Department. Critics of the fuel standards have long argued they are costly for automakers, which must make technological improvements to reduce fuel usage, raising vehicle prices. The revamped fuel standards would reverse a Biden policy that "forced automakers to build cars using expensive technologies th Show less Read more
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