Trump administration plans to roll back Biden's stricter fuel-efficiency standards
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President-elect Donald Trump's incoming administration plans to roll back fuel-efficiency standards set by President Joe Biden; this move aims to fulfill a campaign promise to 'end the EV mandate'; Biden's regulations require automakers to produce at least 35% electric vehicles (EVs) by 2032; Trump administration expected to direct the National Highway Traffic Safety Administration (NHTSA) and Environmental Protection Agency (EPA) to reconsider Biden's regulations; Trump's transition team plans to eliminate the US$7,500 consumer tax credit for EV purchases; during Trump's first term, it took nearly three years to overturn Obama-era regulations; automakers have lobbied for less stringent rules, claiming Biden's regulations are too onerous; Tesla, led by Elon Musk, could be negatively impacted as it profits from selling regulatory credits; analysts suggest Tesla's reliance on credit sales has decreased as the company has become profitable; the article was published on November 20, 2024.

#Trump #Biden #Fuelefficiency #ElectricVehicles #Tesla #Regulations #Automakers #Transition #Epa #Nhtsa

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