Trump announces plan to rescind Biden-era fuel-economy standards for vehicles

President Donald Trump on Wednesday unveiled plans to rescind fuel-economy standards for vehicles put in place under the Biden administration.

“These policies forced automakers to build cars using expensive technologies that drove up costs, drove up prices, and made the car much worse,” Trump said during an Oval Office event announcing the changes. “The action is expected to save the typical consumer at least $1,000 off the price of a new car, and we think substantially more than that.”