Mexican Media Brands
Trump to Announce Fuel Economy Review on Wednesday
President Donald Trump plans to announce two days from now that the U.S. Environmental Protection Agency will review fuel economy targets that would require new-car fleets to average more than 50 mpg by 2025, Reuters reports.
#economics #regulations
Share
President Donald Trump plans to announce two days from now that the U.S. Environmental Protection Agency will review fuel economy targets that would require new-car fleets to average more than 50 mpg by 2025, Reuters reports.
Sources tell the news service that Trump will reveal the widely expected decision at an event in the Detroit suburb of Ypsilanti, Mich., Reuters says top executives from General Motors, Ford, Fiat Chrysler Automobiles and Japanese and German carmakers will attend. The White House confirms Trump’s visit but not its purpose.
The president has been critical of EPA rulemaking and the agency’s conclusion in January just before he took office that the 2025 goal remains both feasible and reasonable. Carmakers agreed to the target in 2011 with the proviso that the goal be reviewed no later than April 2018.
RELATED CONTENT
-
On Headlights, Tesla's Autopilot, VW's Electric Activities and More
Seeing better when driving at night, understanding the limits of “Autopilot,” Volkswagen’s electric activities, and more.
-
Ford’s $42 Billion Cash Cow
F-Series pickups generate about 30% of the carmaker’s revenue. The tally is about twice as much as what McDonald’s pulls in.
-
VW Warns of Higher Costs to Develop EVs
CEO Herbert Diess says the €20 billion ($23 billion) Volkswagen AG has budgeted to electrify its entire vehicle lineup won’t be enough to meet that goal.