Dubai Telegraph - Trump to scrap Biden's fuel-economy standards

EUR -
AED 4.228093
AFN 74.824423
ALL 93.226638
AMD 421.295497
AOA 1056.750053
ARS 1719.783145
AUD 1.644777
AWG 2.072059
AZN 1.954867
BAM 1.953753
BBD 2.31814
BDT 142.119343
BHD 0.434017
BIF 3405.124673
BMD 1.151144
BND 1.476057
BOB 14.012343
BRL 5.865765
BSD 1.150924
BTN 109.673926
BWP 15.653712
BYN 3.364455
BYR 22562.416614
BZD 2.314813
CAD 1.616304
CDF 2618.852233
CHF 0.933301
CLF 0.02702
CLP 1066.914398
CNY 7.771716
CNH 7.778399
COP 3730.23513
CRC 522.818071
CUC 1.151144
CUP 30.505308
CVE 110.140493
CZK 24.213129
DJF 204.950986
DKK 7.475493
DOP 66.765975
DZD 153.104429
EGP 57.696125
ERN 17.267156
ETB 185.767622
FJD 2.553119
FKP 0.853856
GBP 0.856825
GEL 3.010237
GGP 0.853856
GHS 13.479919
GIP 0.853856
GMD 84.603481
GNF 10106.575156
GTQ 8.781264
GYD 241.170515
HKD 9.027603
HNL 30.849796
HRK 7.532745
HTG 150.482504
HUF 364.513686
IDR 20690.65695
ILS 3.503661
IMP 0.853856
INR 109.668137
IQD 1507.728353
IRR 1582966.487118
ISK 142.017091
JEP 0.853856
JMD 182.318652
JOD 0.816153
JPY 180.375011
KES 149.016002
KGS 100.668118
KHR 4650.863699
KMF 491.538751
KRW 1645.669283
KWD 0.356198
KYD 0.959141
KZT 545.964678
LAK 26031.251717
LBP 103070.628234
LKR 386.433233
LRD 207.750565
LSL 18.981655
LTL 3.399028
LVL 0.696315
LYD 7.335898
MAD 10.731548
MDL 20.095807
MGA 4902.585703
MKD 61.452134
MMK 2417.037031
MNT 4136.667777
MOP 9.296933
MRU 46.095893
MUR 54.034696
MVR 17.796958
MWK 1995.72662
MXN 19.936307
MYR 4.714741
MZN 73.569574
NAD 18.981655
NGN 1569.077604
NIO 42.352124
NOK 10.98318
NPR 175.479443
NZD 1.96175
OMR 0.442596
PAB 1.150914
PEN 3.887206
PGK 5.07939
PHP 70.096015
PKR 319.591151
PLN 4.308978
PYG 6865.388212
QAR 4.195748
RON 5.247141
RSD 117.384436
RUB 92.258613
RWF 1687.835995
SAR 4.308189
SBD 9.302513
SCR 15.481419
SDG 690.686581
SEK 11.000882
SGD 1.476509
SLE 28.43061
SOS 657.770717
SRD 43.520133
STD 23826.35054
STN 24.472866
SVC 10.070616
SZL 18.984951
THB 38.483442
TJS 10.628923
TMT 4.040514
TND 3.377355
TRY 54.718698
TTD 7.804313
TWD 37.363845
TZS 3045.080179
UAH 51.627784
UGX 4307.243185
USD 1.151144
UYU 46.28888
UZS 13799.700007
VES 858.40372
VND 30260.114568
VUV 137.043837
WST 3.147792
XAF 655.233376
XAG 0.020079
XAU 0.000285
XCD 3.111023
XCG 2.0743
XDR 0.813664
XOF 655.233376
XPF 119.331742
YER 274.321302
ZAR 19.010281
ZMK 10361.675417
ZMW 21.629831
ZWL 370.667803
  • RYCEF

    0.8000

    20.3

    +3.94%

  • CMSC

    -0.0300

    21.81

    -0.14%

  • RELX

    0.6300

    36.05

    +1.75%

  • RIO

    -1.6100

    95.24

    -1.69%

  • VOD

    -0.1800

    15.6

    -1.15%

  • RBGPF

    -3.2100

    66

    -4.86%

  • GSK

    -0.5450

    51.145

    -1.07%

  • BTI

    -0.9400

    59.71

    -1.57%

  • NGG

    -0.5000

    79.47

    -0.63%

  • BP

    -0.8450

    44.375

    -1.9%

  • CMSD

    -0.0560

    22.054

    -0.25%

  • AZN

    -12.5900

    157.05

    -8.02%

  • BCE

    0.0350

    21.715

    +0.16%

  • BCC

    4.2500

    80.63

    +5.27%

  • JRI

    -0.1100

    12.85

    -0.86%

Trump to scrap Biden's fuel-economy standards
Trump to scrap Biden's fuel-economy standards / Photo: JOE RAEDLE - GETTY IMAGES NORTH AMERICA/AFP/File

Trump to scrap Biden's fuel-economy standards

President Donald Trump's administration is set to revoke tougher fuel-economy standards put in place by his predecessor Joe Biden, in a move it says will lower car prices, an official said Wednesday.

Text size:

Trump will be joined in the Oval Office mid-afternoon by the CEOs of Ford and Stellantis, and a General Motors' official, to announce the rollback -- with the presence of the so-called "Big Three" automakers signaling critical industry buy-in.

"Joe Biden's fuel efficiency regulations would have raised the cost of a new vehicle by $1,000," the White House said on X, adding that Trump's reset would save Americans $109 billion.

The reset concerns Corporate Average Fuel Economy (CAFE) standards, which date back to 1975, when the United States was hit by the Arab oil embargo, and regulate how far vehicles must travel on a gallon of fuel.

The full extent of the move wasn't immediately clear.

But the Trump administration has repeatedly signaled its opposition to efficiency increases enacted under Biden. The latter sought to boost it eight percent annually for model years 2024–2025 and 10 percent annually for model year 2026 -- reaching more than 50 miles per gallon by 2031.

In a proposed rule issued in June, the Trump administration argued that Biden officials had improperly factored in electric and hybrid vehicles when devising those targets, saying the standards would be unattainable for gasoline-powered cars and would effectively force a shift in the market.

Trump has railed against what he calls an EV "mandate." Republicans in Congress have repealed clean-energy tax credits in a major tax and spending bill, and targeted California's ability to set its own vehicle-emission limits.

"As America's largest auto producer, we appreciate President Trump's leadership in aligning fuel economy standards with market realities," Ford CEO Jim Farley said in a statement.

"We can make real progress on carbon emissions and energy efficiency while still giving customers choice and affordability. This is a win for customers and common sense."

But Gina McCarthy, a former senior official under Biden and Barack Obama, said the move would ultimately harm the auto industry by slowing its shift to electric vehicles and worsen climate change.

"If there's one thing you can count on, it's that this administration will never act in the best interest of our health or the environment," she said.

"The rest of the world will continue to innovate and create cleaner cars that people want to buy and drive, while we're forced to sit in our clunkers, paying more for gas, and pumping out more tailpipe emissions."

I.Mansoor--DT