Dec. 3 at 9:02 PM
Trump Admin to plans to roll back federal fuel-economy rules for passenger vehicles
Under the changes, the federal govt would require an average of 34½ miles a gallon for vehicles by model year 2031, down from the 50.4 miles a gallon standard set by the Biden admin
The proposal applies to all model-year passenger cars & light trucks from 2022 to 2031. It would reclassify small SUVs & crossovers as passenger cars instead of light trucks.
It also does away w/ a system in which automakers can buy credits from competitors to offset fines, a setup that proved to be a boon for EV manufacturers like
$TSLA &
$RIVN
This summer, Congress had already eliminated fines for automakers that violated the rules
Transportation Sec: “The freedom of every American family starts with affordable cars"
For years, the requirements have pushed automakers to build cleaner & more fuel-efficient vehicle
Energy Policy: Fuel-saving tech has saved 2T+ gallons of gasoline over the past 50 years
$F $GM $TM car
