Trump Rolls Back Fuel Economy Rules, Boosting Affordability

President Trumps rollback of fuel economy regulations, including the end of CAFE rules, lowers the fleet-wide miles per gallon standard to 34.5 by 2031, down from the Biden administrations 50.4. This move, aimed at making cars more affordable, has been welcomed by automakers like Ford, but is seen as a setback for the electric vehicle sector, which already lags behind other countries in adoption. The relaxation of these rules, coupled with the cancellation of the $7,500 electric vehicle tax credit, could slow the transition to electric vehicles and potentially increase demand for traditional fuels, benefiting U.S. oil producers and fuel traders.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.