Versuchen GOLD - Frei
Trump proposes slashing fuel economy rules to boost gas cars
Business World Philippines
|December 05, 2025
President Donald J. Trump on Wednesday proposed slashing fuel economy standards that former President Joseph R. Biden had finalized last year, in a push to make it easier for automakers to sell gasoline-powered cars.
-
Mr. Trump’ action aims to undo one of Mr. Biden's signature climate moves as he sought to incentivize more electric vehicle (EV) purchases. “People want the gasoline car,” Mr. Trump said.
The National Highway Traffic Safety Administration (NHTSA) proposed significantly reducing the fuel economy requirements from model years 2022 to 2031, requiring 34.5 miles per gallon on average by 2031, down from 50.4 miles per gallon (21.4 km per liter).
NHTSA is proposing to revise down the 2022 fuel economy standards and then proposing to hike them between 0.25% and 0.5% annually through 2031. In 2022, under Mr. Biden, NHTSA increased fuel efficiency by 8% annually for model years 2024-2025 and 10% for 2026.
Mr. Biden’s rules sought to prod automakers to build a rising number of EVs to comply but would not have forced an immediate end to gas-powered vehicles.
NHTSA estimates the proposed rule would reduce average upfront vehicle costs by $930 but would increase fuel consumption by around 100 billion gallons through 2050 — and cost ‘Americans up to another $185 billion for fuel and increase carbon dioxide emissions by about 5%.
Diese Geschichte stammt aus der December 05, 2025-Ausgabe von Business World Philippines.
Abonnieren Sie Magzter GOLD, um auf Tausende kuratierter Premium-Geschichten und über 9.000 Zeitschriften und Zeitungen zuzugreifen.
Sie sind bereits Abonnent? Anmelden
WEITERE GESCHICHTEN VON Business World Philippines
Business World Philippines
Banks’ bad loan ratio slips to more than five-year low
THE PHILIPPINE BANKING industry's gross nonperforming loan (NPL) ratio eased to its lowest in over five years at the end of 2025, as overall lending activity slowed, preliminary central bank data showed.
2 mins
February 13, 2026
Business World Philippines
In defense of the Holy Fiscal Deficit: Accounting and economics
Part Ill: Fiscal discipline and responsibility or nation building?
5 mins
February 13, 2026
Business World Philippines
NGCP aims to finish P18.5-B transmission projects this year
THE NATIONAL GRID Corp. of the Philippines (NGCP), the country’s sole grid operator, is aiming to finish P18.5 billion worth of transmission projects this year to improve delivery of electricity amid increasing demand.
3 mins
February 13, 2026
Business World Philippines
2025 foreign investments fall 50%
APPROVED foreign investments in the Philippines plunged by 50.1% year on year to P272.38 billion in 2025, its sharpest fall in five years, the Philippine Statistics Authority (PSA) reported on Thursday.
4 mins
February 13, 2026
Business World Philippines
Numbers are showing it
Corruption perception should be understood as a macroeconomic variable with measurable channels of influence.
5 mins
February 13, 2026
Business World Philippines
PHL urged to phase out VAT exemptions for seniors, schools
THE PHILIPPINES should reduce fiscal incentives and phase out value-added tax (VAT) exemptions for senior citizens and private education to trim debt and narrow the budget deficit, the Organisation for Economic Co-operation and Development (OECD) said.
4 mins
February 13, 2026
Business World Philippines
Frayna reclaims Philippine Women’s Chess crown
JANELLE MAE FRAYNA’S ascension back to the top is now done for.
1 min
February 13, 2026
Business World Philippines
PBCOM Baguio branch relocates to Cedar Peak
PBCOM CELEBRATED the blessing and inauguration of its relocated Baguio branch last Jan. 30.
1 mins
February 13, 2026
Business World Philippines
Just getting started
Victor Wembanyama’s 40-point explosion against the Lakers the other day provided proof yet again of his inevitable brush with greatness.
2 mins
February 13, 2026
Business World Philippines
EU FTA expected to open up $12B in potential PHL exports
THE PHILIPPINES will have access to additional exports estimated at $12 billion once it concludes a free trade agreement (FTA) with the European Union (EU), Trade Undersecretary Allan B. Gepty said.
3 mins
February 13, 2026
Listen
Translate
Change font size
