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

Group 1 - The White House is set to announce new fuel economy standards, indicating a significant rollback of the previous standards established by the Biden administration [1] - The Biden administration's standards mandated that passenger cars and light trucks achieve a fuel efficiency of approximately 50 miles per gallon by the year 2031 [2] - Executives from major automotive companies, including Ford, General Motors, and Stellantis, are expected to participate in the announcement event at the White House [1]