U.S. officials said on Saturday the U.S. Transportation Department (DOT) will on
Monday finalize a rule sharply lowering vehicle fuel-economy standards
applicable through 2031. The move reverses the Biden-era push to steer
automakers toward more electric vehicles. President Trump said he has approved
the new car and truck fuel-economy standards and that they will reduce
new-vehicle prices. Transportation Secretary Duffy said, "American auto workers
will welcome a major victory on Monday." DOT's own estimates show the rule would
cut new-car costs but raise fuel consumption and CO2 emissions over the coming
decades.