Fuel Economy Rollback Will Burn Billions More Gallons Of Gas, Trump Administration Says

• The U.S. Department of Transportation has sharply reduced the fuel economy targets for automakers.
• Car companies now have to hit 34.9 mpg across their fleets by 2031.
• It's the latest moved aimed at reversing Biden-era policies that were addressing climate change.

The Trump administration dealt America’s electric vehicle industry another setback Monday, finalizing far less stringent Corporate Average Fuel Economy (CAFE) rules than those set during the Biden era. The ruling comes at a time when Europe, China, and much of the developing world are racing forward with EV adoption, leaving the U.S. in the rearview mirror.