All articles tagged with #cafe standards
President Trump announced a reset of the Corporate Average Fuel Economy (CAFE) standards, reversing the Biden Administration's stricter targets, which were seen as unrealistic and costly. This move aims to save American families $109 billion over five years, reduce vehicle costs, and prevent unnecessary shifts to electric vehicles, while also protecting the auto industry from fines and ensuring feasible standards for automakers.
The Trump administration is set to announce plans to roll back the Biden-era fuel economy standards, which aimed for about 50 mpg by 2031, with the announcement scheduled for Wednesday from the Oval Office, signaling a potential shift away from support for electric vehicles and stricter efficiency regulations.
The White House plans to roll back a rule that would have saved Americans $23 billion on fuel costs by requiring higher fuel economy standards, a move that is expected to increase fuel prices and demand, with significant political and environmental implications.