WASHINGTON, Dec 3 (Reuters) – The Trump administration on Wednesday will propose a significant rollback of fuel economy standards finalized by former President Joe Biden last year in its latest push to make it easier for automakers to sell gas-powered cars, automakers and sources told Reuters. The National Highway Traffic Safety Administration is set to […]
Business
Trump to propose sharp rollback in US vehicle fuel economy rules
Audio By Carbonatix
WASHINGTON, Dec 3 (Reuters) – The Trump administration on Wednesday will propose a significant rollback of fuel economy standards finalized by former President Joe Biden last year in its latest push to make it easier for automakers to sell gas-powered cars, automakers and sources told Reuters.
The National Highway Traffic Safety Administration is set to propose significantly reducing the fuel economy requirements for 2022-2031 model-year vehicles as well as making drastic changes to the program including eliminating credit trading among automakers and ending some credits for fuel-saving features, sources said. President Donald Trump will be joined by the CEOs of Chrysler-parent Stellantis and Ford Motor to unveil the proposal.
(Reporting by David Shepardson, Editing by Franklin Paul)