Trump administration to announce new fuel economy standards Wednesday, sources say [View all]
Source: CNBC
Published Wed, Dec 3 2025 7:49 AM EST Updated 2 Hours Ago
The White House will announce new fuel economy standards on Wednesday, according to administration sources. The Trump administration will propose rolling back the standards implemented by former President Joe Biden last year, sources told Reuters. Biden required passenger cars and light trucks to have a fuel efficiency of about 50 miles per gallon by 2031.
President Donald Trump is scheduled to make an announcement at 2:30 p.m. ET from the Oval Office. Executives from Ford, General Motors and Stellantis are expected to attend the announcement.
The Biden fuel efficiency standards were expected to stimulate the sale of elecric vehicles in the U.S. Trump has sought to roll back all federal support for EVs since taking office.
The oil industry group the American Petroleum Institute has lobbied the Trump administration to repeal the Biden fuel economy standards, arguing that they aim to phase out liquid fuel vehicles.
Read more: https://www.cnbc.com/2025/12/03/trump-fuel-economy-standards.html
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