President Trump Cancels Joe Biden CAFE Standards Against Auto Industry

In an effort to return common sense, practicality and affordability to the American consumer base for automobiles, President Trump announced the elimination of Joe Biden’s Corporate Average Fuel Economy (CAFE) standards for manufactured cars and trucks.

Under the auspices of the “Green New Deal”, the Biden administration mandated ridiculous quotas for EVs and demanded lower power combustible engines, or pay a climate change tax. These CAFE standards resulted in a surcharge for large vehicles, large engine autos and SUVs, and essentially bifurcated the auto consumer into those who could afford to pay for efficiency and stability, and those who could not.

“We’re officially terminating Joe Biden’s ridiculously burdensome, horrible actually, CAFE standards that impose expensive restrictions and all sorts of problems, gave all sorts of problems to automakers,” President Trump announced from the Oval Office. “It put tremendous upward pressure on car prices, combined with the insane electric vehicle mandate. Biden’s burdensome regulations helped cause the price of cars to soar more than 25%,” President Trump said. WATCH:

(Via White House) – DELIVERING A WIN FOR AMERICAN FAMILIES AND AUTOMAKERS: Today, President Donald J. Trump is delivering major relief to American families by resetting the Biden Administration’s costly and unlawful Corporate Average Fuel Economy (CAFE) standards.

President Trump is returning CAFE standards to levels that can actually be met with conventional gasoline and diesel vehicles. The Biden Administration standards imposed unrealistic fuel economy targets that effectively resulted in an electric vehicle (EV) mandate.

The Trump Administration’s reset of the CAFE standards ensures the program’s fidelity to the legal restrictions set forth by Congress.

The Biden standards broke the law by going far beyond the requirements that were mandated by Congress when it created the CAFE program.

SAVING AMERICAN FAMILIES MONEY: Today’s action represents an enormous win in response to the cost-of-living increases imposed on the economy by the Biden Administration.

The Biden Administration created extraordinarily stringent fuel economy standards for passenger cars and trucks, set at such aggressive levels that they were impossible to meet with available technologies for gas cars.

The Biden standards would have compelled widespread shifts to EVs that American consumers did not ask for, accompanied by significant cost-of-living increases. Since EVs are so expensive to build, automakers must sell them at a loss and make up the difference by significantly raising the sticker price of gas cars.

If President Trump had done nothing, the Biden standards would have raised the average cost of a new car by nearly $1,000, relative to the cost under the standards announced today.

President Trump’s actions will save American families $109 billion in total over the next five years.
By helping more Americans buy newer, safer vehicles, this reset is projected to save more than 1,500 lives and prevent nearly a quarter-million serious injuries through 2050.

MARKING A CRITICAL BATTLE IN THE FIGHT AGAINST BIDEN’S HIDDEN COST-OF-LIVING INCREASES: The CAFE reset represents the latest action by President Trump to prevent the Biden EV-related policies from raising costs for Americans.

In June, President Trump signed a joint resolution to end the California EV mandates, which would have effectively been a 100% ban on new gas cars sold in the state by 2035 (with similar effects in 17 states that adopted California’s standards).

In July, President Trump signed into law the Working Families Tax Cuts Act, which set the civil penalty for violating CAFE standards to $0, protecting the U.S. auto manufacturing industry from significant fines.

Under President Trump, the Environmental Protection Agency (EPA) has also released its proposal to rescind the 2009 Endangerment Finding, which ignores Congress’ clear intent under the Clean Air Act and has been used to justify over $1 trillion in costs for the American consumers and economy.

Today’s action helps ensure that even if far-left Democrats return to power, the CAFE standards are sensible, so U.S. automakers are not held to infeasible standards.

Combined with auto loan interest deductibility for new made-in-the-USA vehicles, President Trump continues to deliver real relief that makes owning a safe, reliable car more affordable for every American family. (source)