Facebook Pixel Trump proposes slashing fuel economy rules to boost gas cars | Business World Philippines - newspaper - इस कहानी को Magzter.com पर पढ़ें

कोशिश गोल्ड - मुक्त

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%.

Business World Philippines

यह कहानी Business World Philippines के December 05, 2025 संस्करण से ली गई है।

हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।

क्या आप पहले से ही ग्राहक हैं?

Business World Philippines से और कहानियाँ

Business World Philippines

Business World Philippines

Rockwell lists P10-B bonds on PDEx

ROCKWELL LAND CORP. listed its P10-billion fixed-rate bonds on the Philippine Dealing & Exchange Corp. (PDEx), marking its return to the domestic debt market after more than a decade.

time to read

1 mins

March 19, 2026

Business World Philippines

Business World Philippines

ArenaPlus sponsors Golden Tee Tournament in Makati

ARENAPLUS reinforced its commitment to supporting the Philippines sports, this time through the golf community, with its platinum sponsorship of the 54\" Golden Tee Tournament held at the Manila Golf and Country Club in Makati City from Feb. 10-14.

time to read

1 min

March 19, 2026

Business World Philippines

PUV fare hike suspended

PHILIPPINE President Ferdinand R. Marcos, Jr. on Wednesday suspended the fare increase for public utility vehicles (PUVs), a day before its implementation.

time to read

3 mins

March 19, 2026

Business World Philippines

Peso strengthens to P59.52 on easing oil prices

THE PHILIPPINE PESO strengthened against the dollar on Wednesday as oil prices eased and market optimism improved after reports that tankers had successfully moved through the Strait of Hormuz.

time to read

2 mins

March 19, 2026

Business World Philippines

Business World Philippines

PHL building up fuel stockpiles until May — DoE chief

THE PHILIPPINE government and oil companies are already building up fuel inventories for May as early as now, the Department of Energy (DoE) chief said, as the Iran war enters its third week and continues to threaten global oil supply.

time to read

3 mins

March 19, 2026

Business World Philippines

Business World Philippines

Filipinas clash with Uzbekistan for FIFA Women's World Cup seat via AFC Women's Asian Cup

IT IS their best chance at the coveted ticket to the 2027 FIFA Women's World Cup (WC) via the AFC Women's Asian Cup (WAC) pathway.

time to read

1 mins

March 19, 2026

Business World Philippines

BSP’s 7-day term deposit yields rise

YIELDS on the Bangko Sentral ng Pilipinas’ (BSP) seven-day term deposits nudged higher on Wednesday, even as demand exceeded the central bank’s offer amid expectations of potential policy tightening next month.

time to read

1 mins

March 19, 2026

Business World Philippines

Business World Philippines

Taking a bow

The desire for applause is not universal. There are those who prefer to work behind the scenes and keep their financial successes quiet. After all, the response may not be applause, but envy... and a possible investigation.

time to read

3 mins

March 19, 2026

Business World Philippines

On rising government bond rates, US public debt and war

Positive economic news is hard to find these days.

time to read

3 mins

March 19, 2026

Business World Philippines

PHL auto sales fall in February but electric vehicles power ahead

PHILIPPINE automotive sales dropped year on year in February as demand for passenger cars and commercial vehicles slumped, according to a joint report by the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and the Truck Manufacturers Association (TMA).

time to read

3 mins

March 19, 2026

Listen

Translate

Share

-
+

Change font size