Trump Rescinds Biden-era Fuel Economy Rules

Published : Dec 04, 2025, 03:00 AM IST
https://stocktwits.com/news-articles/markets/equity/trump-rescinds-biden-era-fuel-economy-rules/cLIgRUpREST

Synopsis

The White House said that Trump is returning the standards to levels that can actually be met with conventional gasoline and diesel vehicles.

U.S. President Trump on Wednesday rescinded the fuel economy rules implemented by former President Joe Biden alleging that they were “very expensive.”

“It put tremendous upward pressure on car prices, combined with the insane electric vehicle mandate, Biden's burdensome regulations helped cause the price of cars to soar more than 25%,” Trump said, surrounded by representatives from Ford, Stellantis and General Motors.  

The White House said that Trump is returning the standards to levels that can actually be met with conventional gasoline and diesel vehicles.

Get updates to this developing story directly on Stocktwits.<

PREV

Stay updated with all the latest Business News, including market trends, Share Market News, stock updates, taxation, IPOs, banking, finance, real estate, savings, and investments. Track daily Gold Price changes, updates on DA Hike, and the latest developments on the 8th Pay Commission. Get in-depth analysis, expert opinions, and real-time updates to make informed financial decisions. Download the Asianet News Official App from the Android Play Store and iPhone App Store to stay ahead in business.

Recommended Stories

Year Ender 2025: From Unicorn Hopes to Shutdowns, Startups That Folded
Stock Market Holidays 2026: When NSE & BSE Will Stay Closed