Regulatory Changes & Impact - Termination of CAFE (Corporate Average Fuel Economy) standards is expected to lower costs for American consumers and protect auto jobs [1] - The previous administration's CAFE standards were considered burdensome and expensive for automakers, both domestically and internationally [1][2] - The prior regulations, combined with electric vehicle mandates, allegedly caused car prices to increase by more than 25% [3] Market & Consumer Preferences - There is a perceived quest to end gasoline-powered cars, despite the US having abundant gasoline resources [4] - Consumers desire a variety of vehicle options, including gasoline and electric cars [4] Economic Implications - The previous administration's policies put upward pressure on car prices [2] - The current administration aims to reduce car prices and make them more affordable [1] Political Commentary - The previous administration's policies are labeled as the "Green New Scam" [3]