Trump unveils 'historic reset' of Biden fuel rules, touts $109 billion in savingsPresident Donald Trump announced on Wednesday afternoon a reset of federal fuel standards that heightened under the Biden administration, which the White House said will save "$109 billion in total" for American families.
"We're officially terminating Joe Biden's ridiculously burdensome, horrible, actually, CAFE standards that imposed expensive restrictions and all sorts of problems, gave all sorts of problems, to automakers," Trump said.
"And we're not only talking about outside of our country, because nobody could do it. Nobody wanted to do it. And it was ridiculous, very expensive. It put tremendous upward pressure on car prices, combined with the insane electric vehicle mandate. Biden's burdensome regulations have caused the price of cars to soar more than 25%, and in one case, they went up 18% in one year," he continued.
Fox News Digital exclusively reported on details ahead of the event, including that Ford's and Stellantis' CEOs, as well as General Motors' plant manager, would gather in the Oval Office on Wednesday afternoon, where Trump will announce a "historic reset of the CAFE standards that were created by the Biden administration," according to the White House.
"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 ahead of the announcement. "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."...........
https://www.foxbusiness.com/fox-news-politics/trump-unveil-historic-reset-biden-fuel-rules-touts-109-billion-savings
