US Relaxes Fuel Economy Standards, Boosting Oil Industry

The US is set to relax fuel economy standards, aiming for around 34.5 miles per gallon by 2031, a move that reverses previous policies promoting electric vehicle adoption. The change, announced by President Trump, is justified by officials as unrealistic and costly for consumers. The new proposal is praised by some, like Fords Jim Farley, but criticized by environmental groups for increased emissions and higher fuel costs. Transportation is the largest source of greenhouse gas emissions in the US, and the previous Biden administration plan aimed to prevent over 700 million metric tons of carbon dioxide emissions by 2050. The National Highway Traffic Safety Administration is also ending a program allowing carmakers to buy credits from more fuel-efficient rivals. Critics argue that this move primarily benefits the oil industry and is a cruel joke for American drivers. The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.