Summary: The Trump administration unveiled a plan to relax Biden-era fuel efficiency standards, lowering the Corporate Average Fuel Economy (CAFE) requirement for cars and light trucks from 50 mpg to 34.5 mpg for the 2031 model year. The proposal, which eliminates a credit-trading program for automakers, aims to reduce consumer costs and protect auto jobs. Critics argue it will discourage fuel-efficient vehicle production and increase gasoline consumption.

Link: https://www.theedgesingapore.com/news/us-economy/trump-outlines-plan-unwind-biden-era-car-mileage-mandates