CNBCSep 26, 2026, 9:21 PM

Trump says he approved new fuel economy standards, rolling back Biden-era rules

President Trump said he approved new fuel economy standards that roll back Biden-era rules requiring automakers to reach roughly 50 miles per gallon by 2031. The final standards haven't been publicly detailed, but officials say they'll be significantly weaker, easing pressure on automakers to produce electric vehicles.

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