-
Forest sink woeful Chelsea to boost survival bid
-
Oil prices jump as Iran attacks UAE, US warships enter Hormuz
-
France launches one-euro university meals for all students
-
French TV defend Champions Cup video referee after Van Graan criticism
-
Former France, England duo called up by Fiji for Nations Championship
-
US Supreme Court temporarily restores mail access to abortion pill
-
3 dead in Colombia monster truck show crash
-
Mysterious world beyond Pluto may have an atmosphere: astronomers
-
UniCredit raises capital ahead of Commerzbank takeover bid
-
A year into Merz government, German far right stronger than ever
-
French scholars seek to resurrect Moliere with AI play
-
Allies jolted on defence as Trump pulls troops from Germany
-
Passengers isolating on cruise after Cape Verde ban over suspected virus deaths
-
Famed cartoonist Chappatte calls medium a 'barometer' of freedom
-
Three things we learned from the Miami Grand Prix
-
Energy crisis fuels calls to cut methane emissions
-
Europe, Canada pull together in Yerevan in Trump's shadow
-
India's Modi eyes important win in opposition-held West Bengal
-
Hantavirus: spread by rodents, potentially fatal, with no specific cure
-
French starlet Seixas to ride Tour de France in July
-
Cruise ship operator says Dutch to repatriate two ill passengers
-
India's Modi eyes win in opposition-held West Bengal
-
In Wales, UK Labour Party loses grip on storied heartland
-
Musk vs OpenAI trial enters second week
-
India's Modi faces key test as vote count underway
-
Japan PM says oil crisis has 'enormous impact' in Asia-Pacific
-
Badminton no.1 An brings 'fire' as South Korea win Uber Cup
-
Saka sparks Arsenal attack into life ahead of Atletico showdown
-
Atletico aim to show Alvarez their ambition in Arsenal semi
-
Seoul, Taipei hit records as Asian stocks track Wall St tech rally
-
Boeing faces civil trial over 737 MAX crash
-
Australian inquiry opens public hearings into Bondi Beach shooting
-
Iran warns of ceasefire violation as US plans to escort Hormuz ships
-
North Korean club to play rare football match in South
-
Pistons rout Magic to cap comeback, book NBA playoff clash with Cavaliers
-
Japan, Australia discuss energy, critical minerals
-
Village braces for closure of Spain's largest nuclear plant
-
GameStop makes $56 billion takeover bid for eBay
-
Ex-NY mayor Giuliani hospitalized in 'critical' condition: spokesman
-
Europe, Canada leaders hold Yerevan talks in Trump's shadow
-
'No pilgrims': regional war hushes Iraq's holy cities
-
Israel court extends detention of two Gaza flotilla activists
-
Massive search continues for two missing US soldiers in Morocco
-
Players keep up battle with tennis majors as they decry Roland Garros prize money
-
Pacific Avenue Capital Partners Enters into Exclusive Negotiations to Acquire ESE World, Amcor's European Waste Container Business
-
Securitas Acquires CamVision to Expand Packaged and Advanced Security Solutions in Denmark
-
Pistons rout Magic to complete comeback, advance in NBA playoffs
-
Trump says US and Iran in 'positive' talks, unveils plan to escort Hormuz ships
-
Talisman Endrick fires resurgent Lyon into third in France
-
Verstappen laments spin and struggle for pace in Miami
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.
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."
B.Godinho--PC