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Trump Approves New MPG Standards Rolling Back Biden Rules

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Story summary
  • U.S. President Donald Trump approved new vehicle fuel-economy standards that roll back Biden-era requirements.
  • Transportation Secretary Sean Duffy said the administration will announce the standards on Monday.
  • The revised rules set an average of 34.5 mpg by 2031, versus 50.4 mpg under Biden.
  • Department of Transportation (DOT) estimates the change will lower new-car prices by about $930 each.
  • DOT projects the standards will increase fuel consumption by roughly 100 billion gallons through 2050.