Trump to Announce Lower Fuel Economy Standards Today at 2:30 PM

UPDATE: President Donald Trump is set to reveal plans to roll back fuel economy standards established by the Biden administration today at 2:30 PM from the Oval Office. This urgent announcement is expected to significantly impact the auto industry and consumers across the nation.

Trump’s announcement follows a growing sentiment within the automotive sector, with executives from major manufacturers Ford, General Motors, and Stellantis in attendance. These industry leaders have voiced support for Trump’s direction, viewing it as a necessary adjustment to fuel economy regulations. “As America’s largest auto producer, we appreciate President Trump’s leadership in aligning fuel economy standards with market realities,” said Ford CEO Jim Farley. He emphasized that this move could enhance carbon emissions efforts while preserving consumer choice and affordability.

Sources close to the situation indicate that Trump aims to lower the existing fuel economy standards imposed by President Joe Biden, which increased by 8% for 2024 and 2025 models and 10% for 2026 models. Previously, during his first term, Trump had relaxed standards set under former President Barack Obama. He has criticized Biden’s plans, dubbing them an “EV mandate,” and argues that the current restrictions are unattainable without a major transition to electric vehicles.

This announcement comes at a critical time as the Republican-controlled Congress has also eliminated federal tax credits for electric vehicle buyers, further complicating the push for greener automotive solutions. Trump hinted at today’s announcement during his final Cabinet meeting of the year, promising, “We’re bringing back the automobile business. I think we’ll be bigger than we’ve ever been in the auto business.”

With this development unfolding, consumers and industry stakeholders alike are keen to understand the implications of the proposed changes. The new regulations could reshape the auto market, impacting everything from vehicle prices to emissions standards.

As the clock ticks towards 2:30 PM, all eyes will be on the Oval Office for what could be a pivotal moment in U.S. automotive policy. Stay tuned for live updates as this story develops.