Trump slashes Biden-era fuel efficiency standards

Watch Trump slashes Biden-era fuel efficiency standards - New York Post on Dailymotion

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00:00President Trump is repealing a whole host of vehicle fuel efficiency standards from the Biden

00:06era, something that he has long blasted as a quote EV mandate. We're officially terminating

00:11Joe Biden's ridiculously burdensome, horrible actually cafe standards that imposed expensive

00:17restrictions and all sorts of problems, gave all sorts of problems to automakers. Under Biden,

00:24cars and light trucks were required to get 50 miles per gallon of gas by 2031. President Trump

00:30cut that standard back to 34 miles per gallon. The administration says that the change is aimed

00:35at easing the cost of living for Americans. Biden's rule would basically force automakers to take a

00:40loss on electric vehicles and make up for it by charging more for gas powered cars. So Trump's

00:46move should bring down the cost of cars across the board. Obviously, less miles to the gallon means a

00:52higher bill at the pump. But as I mentioned yesterday, gas prices at the moment are pretty

00:56low. Ford CEO Jim Farley, one of many automakers to weigh in on the change, said in a statement,

01:02quote, we can make real progress on carbon emissions and energy efficiency while still

01:07giving customers choice and affordability. And there's that word again.