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Trump administration to announce new fuel economy standards Wednesday, sources say
President Donald Trump on Wednesday proposed big cuts to strict fuel economy standards for passenger cars enacted under the Biden administration.Â
"We are officially terminating Joe Biden's ridiculously burdensome, horrible actually, CAFE standards that imposed expensive restrictions," Trump said at the Oval Office, flanked by the CEOs of Ford Motor and Stellantis.
The Corporate Average Fuel Economy, or CAFE, standards date back to 1975 and have been tightened over the years to make vehicles more efficient.
Former President Joe Biden had required automakers to increase the fuel efficiency of passenger cars and light trucks to about 50 miles per gallon by 2031. These stricter standards were expected to stimulate the production and sale of electric vehicles in the U.S.Â
Trump administration moves to roll back fuel economy standards set under Biden
The Trump administration is proposing new fuel economy standards for vehicles that would roll back efficiency rules implemented under former President Biden.
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.
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SCOOP: Trump to unveil 'historic reset' of Biden fuel rules, touts $109 billion in savings
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President Donald Trump announced on Wednesday afternoon a reset of federal fuel standards that heightened under the Biden administration, which the White House said will save "$109 billion in total" for American families.
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