-
Finland grants licence for world's first nuclear waste repository
-
Canada opens free trade talks with Turkey
-
'Old-fashioned' South Africa thump Australia to level Test series
-
Swiss, Austrian women freed after Niger kidnap ordeal
-
No more taking out the trash at your Airbnb
-
Austrian-born French resistance fighter dies aged 105: regional official
-
Swiss supreme court upholds Guatemala ex-police chief sentence
-
Paris shop-owners and residents prepare for fresh protests
-
UN climate disaster fund moves to provide $20 mn aid for Nepal
-
French, Japanese authors try to write novel on one-day train ride
-
Africa faces 'complex' Ebola outbreak after spread to Nigeria: WHO
-
Pentagon, Lockheed announce agreement for 850 F-35 jets over 10 years
-
American detained in Russia arrives in US: lawyer
-
Brook scores fastest double century in ODI history in rampant England's 429-4
-
Pentagon, Lockheed announce deal for 850 F-35 jets over 10 years
-
Top-ranked Rybakina into Ningbo quarter-finals on return from injury
-
French authorities seek to ban or curb fresh protests
-
Samson superb as India mark record T20 chase in win over New Zealand
-
Nearly all coral reefs risk collapse in 50 years: IUCN
-
Nvidia boss criticises 'cheap' AI doomsday warnings
-
Foden can be one of Premier League's best again, says Maresca
-
Philippines trailblazer Eala ousted in Ningbo last 16
-
'Solution from the heavens': Indonesians pray for rain as fires burn
-
Stocks retreat as tech mood sours, oil prices jump
-
Targeted by Trump, ICC wins top EU rights prize
-
Northern start and finale in the Pyrenees for 2027 Tour de France
-
Grabbing a bargain: Japan's claw machines cash in on inflation
-
Handful of Micron workers strike in Taiwan
-
Barclays bank to cut about 5,000 jobs amid AI drive
-
Zelensky says fresh Russian strikes show 'no change' in Kremlin position
-
Son of Myanmar's Suu Kyi says had first call in five years
-
China slams 'Cold War mentality' after new EU Arctic plan
-
Taiwan issues warnings as Typhoon Champi nears
-
Алекс Боди и ръководителят на BlackRock Лари Финк в Берлин: инвестиции в Германия и Румъния?
-
Alex Bodi és Larry Fink, a BlackRock vezetője Berlinben: befektetések Németországban és Romániában?
-
Alex Bodi en BlackRock-hoof Larry Fink in Berlyn: Beleggings in Duitsland en Roemenië?
-
एलेक्स बोदी और ब्लैकरॉक प्रमुख लैरी फ़िंक बर्लिन में: जर्मनी और रोमानिया में निवेश?
-
Ageing Japanese village turns to Peru in search of new residents
-
Alex Bodi ve BlackRock Başkanı Larry Fink Berlin’de: Almanya ve Romanya’ya yatırım mı?
-
Targeted by Trump, ICC in running for top EU rights prize
-
Wrong anthems played at Asian Para Games after mishap-marred Asian Games
-
Asian stocks retreat as tech mood sours again
-
Thales sales jump on European rearmament, satellite systems
-
Lula seeks tit-for-tat annulment of Bolsonaro election candidacy
-
أليكس بودي ورئيس بلاك روك لاري فينك في برلين: استثمارات في ألمانيا ورومانيا؟
-
אלכס בודי ומנכ״ל בלאקרוק לארי פינק בברלין: השקעות בגרמניה וברומניה?
-
Alex Bodi och BlackRock-chefen Larry Fink i Berlin: investeringar i Tyskland och Rumänien?
-
Alex Bodi și șeful BlackRock, Larry Fink, la Berlin: investiții în Germania și România?
-
Alex Bodi a šéf společnosti BlackRock Larry Fink v Berlíně: Investice v Německu a Rumunsku?
-
Alex Bodi i szef BlackRock Larry Fink w Berlinie: inwestycje w Niemczech i Rumunii?
Trump to scrap Biden's fuel-economy standards, sparking climate outcry
President Donald Trump is poised to roll back his predecessor Joe Biden's tough fuel-economy standards, arguing the move will lower car prices even as critics warn it will leave drivers paying more at the pump and accelerate climate change.
Trump will be joined in the Oval Office on Wednesday by the CEOs of Ford and Stellantis, and a General Motors manager, to announce the rollback -- with the presence of the so-called "Big Three" automakers signaling critical industry buy-in.
"Joe Biden's fuel efficiency regulations would have raised the cost of a new vehicle by $1,000," the White House said on X, adding that Trump's reset would save Americans $109 billion.
"As America's largest auto producer, we appreciate President Trump's leadership in aligning fuel economy standards with market realities," Ford CEO Jim Farley said in a statement.
Environmentalists quickly pushed back, saying the move stood out even among Trump's many anti-green actions because of its outsized impact on car-dependent America.
"Trump is taking a wrecking ball to the biggest single step any nation has ever taken to combat oil use, global warming pollution, and helping save consumers money at the gas pump," Dan Becker, an activist with the Center for Biological Diversity who has campaigned for green car policies since the 1980s, told AFP. "This is the big one."
At stake are the Corporate Average Fuel Economy (CAFE) standards, created in 1975 in response to the Arab oil embargo, which require vehicles to achieve the "maximum feasible" mileage per gallon.
The full extent of the rollback was not immediately clear.
But the Trump administration has repeatedly signaled its opposition to efficiency increases enacted under Biden's administration, which it boosted by eight percent for model years 2024–2025 and 10 percent for 2026, targeting more than 50 miles per gallon by 2031.
In a proposed rule issued in June, Trump's Department of Transport argued that Biden officials had improperly factored in electric and hybrid vehicles when devising those targets, saying the standards would be unattainable for gasoline-powered cars and would effectively force a shift in the market.
Becker called that argument "ludicrous" because it would force automakers to ignore that advanced technology exists.
- Trump EV fight -
Trump has railed against what he calls an EV "mandate" -- an issue that has put him at odds with his on-again, off-again billionaire ally Elon Musk, the CEO and largest shareholder of Tesla, which still has the highest EV market share in the US even as other brands are gaining.
Republicans in Congress have repealed clean-energy tax credits in a major tax and spending bill, and targeted California's ability to set its own vehicle-emission limits.
Throughout 2025, GM and other US automakers have curtailed or pushed back new EV plant capacity.
But whether savings from reduced EV investment will filter through to consumers remains unclear.
While the shift away from EVs does allow automakers to delay or forgo billions of dollars in new investments, some of those funds are being steered into new initiatives to add US carbuilding capacity in light of Trump's tariffs.
GM, for example, announced in June $4 billion in spending to retool factories in Michigan, Kansas and Tennessee.
GM, which has said it expects a $3.5 billion -- $4.5 billion tariff hit in 2025, has also placed a heavy priority on returning excess cash to shareholders.
Gina McCarthy, a former senior official under Biden and Barack Obama, said the move would ultimately harm the auto industry by slowing its shift to electric vehicles and worsen climate change.
"The rest of the world will continue to innovate and create cleaner cars that people want to buy and drive, while we're forced to sit in our clunkers, paying more for gas, and pumping out more tailpipe emissions."
A.Ruiz--AT