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Trump Outlines Plan to Unwind Biden Era Car Mileage Mandates
Bloomberg Television· 2025-12-04 16:28
Regulatory Changes & Impact - Termination of Joe Biden's CAFE standards, described as burdensome and problematic for automakers [1] - The previous administration's regulations, combined with electric vehicle mandates, allegedly caused car prices to increase by over 25%, with one instance of an 18% increase in a single year [2] - The current administration aims to reduce costs for American consumers and make car buying more affordable [1] Energy & Environmental Policy - Characterization of the "Green New Deal" as a "scam" and a quest to end gasoline-powered cars [2][3] - Emphasis on the abundance of gasoline resources in the country [3] - Recognition of consumer desire for diverse vehicle options, including gasoline and electric cars [3]