Trump Rolls Back Fuel Economy Standards to 34.5 mpg by 2031
President Trump and Transportation Secretary Sean Duffy announced a rollback of fuel economy standards today, setting the stage for significant changes in how automakers will approach vehicle efficiency over the next decade. This move could have far-reaching implications on car prices and environmental impact.Key TakeawaysThe new CAFE standard drops to 34.5 mpg by 2031, down from a planned 50.4 mpg.Automakers won't face penalties for missing fuel economy targets thanks to the One Big Beautiful Bill Act.Carbon credit trading among automakers will end in 2028 under this new policy change.The rollback means that by 2031, fleet fuel mileage averages must reach only 34.5 mpg instead of the previously set ambitious goal of 50.4 mpg for model years through 2031. This shift in standards doesn't ju...