Trump Declares ‘America Is Back’ as New Fuel Economy Standards ‘Terminate’ Biden-Era ‘EV Mandate’: ‘Big Day for American Auto Workers’

9/27/2026
Impact: 70
Consumer Cyclical

President Donald Trump announced new fuel-economy standards that will roll back Biden-era vehicle efficiency rules, aiming to lower new-car prices and provide automakers with more flexibility. The Transportation Department is set to finalize these standards, which will reduce fuel-economy requirements through 2031. Trump claimed that over $100 billion is being invested in American auto manufacturing, with plants and jobs returning to several states, including Michigan and Ohio.

AI summary, not financial advice

Share: