Trump says he approved new fuel economy standards rolling back Biden-era rules
President Donald Trump announced the approval of new fuel economy standards that roll back stricter Biden-era vehicle efficiency rules and eliminate electric vehicle mandates. The updated regulations relax pollution control requirements for gasoline-powered cars and light trucks. Trump argued the rollback will cause car prices to fall and declared that auto plants are returning to the United States. Following the announcement, automotive stocks including Stellantis, Ford, and General Motors climbed in overnight trading. Critics argue the weaker standards could increase long-term costs for drivers and put domestic automakers at a disadvantage against China.
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- ✓ President Donald Trump announced on Saturday that he approved new fuel economy standards rolling back Biden-era vehicle efficiency rules.
- ✓ The December proposal targeted 34.5 mpg by 2031, down from 50.4 mpg.
- ✓ Automotive stocks including Stellantis, Ford, and General Motors climbed overnight following the clearance of the fuel economy rollback.
- ✓ Former transportation secretary Pete Buttigieg criticized the rollback, stating it could raise long-term costs for drivers and leave U.S. automakers behind China.
What changed
The Trump administration formally released and approved new fuel economy standards that relax pollution control requirements and lower miles per gallon targets.
Live updates
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Trump Approves Fuel Economy Rollback, Ending Biden EV Standards
President Donald Trump announced the approval of new fuel economy standards that roll back stricter Biden-era vehicle efficiency rules and eliminate electric vehicle mandates. The updated regulations relax pollution control requirements for gasoline-powered cars and light trucks. Trump argued the rollback will cause car prices to fall and declared that auto plants are returning to the United States. Following the announcement, automotive stocks including Stellantis, Ford, and General Motors climbed in overnight trading. Critics argue the weaker standards could increase long-term costs for drivers and put domestic automakers at a disadvantage against China.
Why it matters
The previous administration enforced aggressive vehicle efficiency targets to spur electric vehicle adoption and lower emissions. A regulatory proposal from December targeted 34.5 miles per gallon by 2031, down from a previous standard of 50.4 miles per gallon. The newly released standards ease these regulatory requirements for automakers.
What is confirmed
- President Donald Trump announced on Saturday that he approved new fuel economy standards rolling back Biden-era vehicle efficiency rules.
- The December proposal targeted 34.5 mpg by 2031, down from 50.4 mpg.
- Automotive stocks including Stellantis, Ford, and General Motors climbed overnight following the clearance of the fuel economy rollback.
- Former transportation secretary Pete Buttigieg criticized the rollback, stating it could raise long-term costs for drivers and leave U.S. automakers behind China.
What to watch next
- Monitoring the official final rule release scheduled for Monday.
- Observing how individual automakers adjust manufacturing and pricing strategies under the relaxed standards.
confidence 95%Sources used for this update (16)
- CNBC — Trump says he approved new fuel economy standards rolling back Biden-era rules
- Fox Business — Trump says he approved new fuel economy standards ending Biden-era electric vehicle mandate
- Politico — Trump slashes Biden-era fuel economy standards for cars
- Yahoo — Trump approves new fuel economy rules, says car prices will fall
- Reuters — Trump says he approved fuel economy standards ending Biden EV mandate
- finance.yahoo.com — STLA, F, GM Climb Overnight As Trump Clears Fuel Economy Rollback — Says Auto Plants Are ‘Coming Back’
- www.courant.com — Trump administration set to roll out lower fuel economy standards for cars, light trucks
- flipboard.com — Trump says he approved new fuel economy standards, rolling back Biden-era rules
- cbs12.com — Trump says he approved rollback of Biden-era fuel economy rules, cutting mpg targets
- www.cnbc.com — Trump says he approved new fuel economy standards, rolling ...
- www.newsweek.com — Trump Approves New Fuel Economy Rules, Says Car Prices Will Fall
- www.yahoo.com — Trump says he ended Biden electric vehicle rule, updated fuel economy standards
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