The Trump administration dramatically rolled back fuel economy standards on Monday, easing Biden-era requirements that were pushing automakers towards selling more EVs. It solidifies a two-track path to the future, where Europe and China aggressively electrify, while America joins Japan and some developing markets in staying hooked on gas.
All of this was avoidable. None of it is surprising. And it leaves big, big question marks about whether American firms can stay relevant globally.
