President 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. ---More...