Summary
President Donald Trump's administration announced new fuel economy standards that reduce the efficiency goals set by the previous Biden administration. These rules lower requirements for how far vehicles must travel per gallon of fuel and are expected to reduce the cost of new cars.Key Facts
- The new fuel economy standards were introduced by the Trump administration.
- They replace stricter rules put in place by the Biden administration aimed at reducing emissions and promoting electric vehicles.
- The standards are based on the Corporate Average Fuel Economy (CAFE) program established in 1975.
- The new goal is a fleetwide average of 34.9 miles per gallon by 2031, down from Biden's 50.4 miles per gallon target.
- The Department of Transportation says the new rules will reduce the average cost of new vehicles by $1,300.
- Officials claim the rollback will save Americans $138 billion over five years.
- The change comes when gasoline prices are high, averaging $4.47 a gallon due to disruptions in global fuel supply.
- Transportation Secretary Sean P. Duffy stated the rollback ends a mandate he called "illegal" and that forced more expensive electric vehicle production.
