Trump administration to announce new fuel economy standards Wednesday, sources say

Trump administration to announce new fuel economy standards Wednesday, sources say


Traffic on Interstate 80 in San Pablo, California, US, on Wednesday, Nov. 26, 2025.

David Paul Morris | Bloomberg | Getty Images

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.

The Corpoate Average Fuel Economy (CAFE) standards date back to 1975 and have been tightened over the years to make vehicles more efficient.



Source

Shares of CSG, one of the world’s fastest-growing defense firms, jump 30% on debut
World

Shares of CSG, one of the world’s fastest-growing defense firms, jump 30% on debut

A flag with the CSG NV logo during the listing of their company at Euronext Amsterdam in Amsterdam, Netherlands, on Friday, Jan. 23, 2026. Bloomberg | Bloomberg | Getty Images Shares of Czech-based defense firm Czechoslovak Group (CSG) soared over 30% on its stock market debut on Friday, underscoring sustained investor interest in defense companies […]

Read More
TikTok was thriving in the U.S., even before a joint venture saved it from a potential ban
World

TikTok was thriving in the U.S., even before a joint venture saved it from a potential ban

TikTok discussions overshadowed U.S.-China tariff negotiations during the latest round of talks. Anna Barclay | Getty Images News | Getty Images TikTok has just announced a new U.S. venture that will keep it operating there after years of concerns about its links to China. But even as it was nearly banned and faced scrutiny from […]

Read More
Adani group stocks plunge as U.S. SEC looks to question founder over fraud charges
World

Adani group stocks plunge as U.S. SEC looks to question founder over fraud charges

Indian billionaire Gautam Adani attends the 51st Gems and Jewellery Awards in Jaipur, India, November 30, 2024.  Stringer | Reuters Shares of Adani Group companies fell between 5 to 13% on Friday as court filings showed that the U.S. Securities and Exchange Commission is looking to send summons to founder Gautam Adani and nephew Sagar […]

Read More