US President Donald Trump To Announce Review Of Fuel-Economy Standards

Sponsored Links

US President Donald Trump is set to officially announce a review of the fuel-economy standards established under the Obama administration when he meets with the heads of several US automakers Wednesday, according to Reuters.

President Trump will meet with Ford President and CEO Mark Fields, along with the CEOs of General Motors and Fiat Chrysler, and executives from Toyota, Nissan, and Daimler, at an autonomous-vehicle testing facility in Ypsilanti Township, Michigan. Sources told Reuters that he will hold a roundtable discussion with the automotive executives before making a speech to autoworkers and others, following which he is expected to formally call for a review of the Obama-era fuel-economy standards.

The standards, which apply to model years 2022 through 2025, call for automakers to meet an average, fleet-wide target of 54.5 miles-per-gallon by 2025, saving motorists an estimated $1.7 trillion in fueling costs over the life of the vehicles while costing the automotive industry some $200 billion over 13 years. It’s those costs, plus the difficulties of meeting the regulations while American consumers continue to flock to large trucks, SUVs, and crossovers, that has automakers concerned.

Sponsored Links

Last July, the EPA estimated that automakers will only be able to manage an average of 50.8 to 52.6 mpg by 2025, according to Reuters.

President Trump has already met with US auto executives on several occasions since taking office in January. He’s made cutting “burdensome” regulations and business taxes to foster a “friendly” business environment a core concern of his presidency.

Sponsored Links
Sponsored Links

Subscribe to Ford Authority
For around-the-clock Ford news coverage


We'll send you one email per day with the latest Ford updates.

It's totally free.

  • Want to see your Ford vehicle or build featured on Ford Authority? We welcome your submissions. See here for details. ×

Written by Aaron Brzozowski

Aaron Brzozowski is a writer and motoring enthusiast from Detroit with an affinity for '80s German steel. He is not active on the Twitter these days, but you may send him a courier pigeon.

Sponsored Links

Leave a Reply

Your email address will not be published. Required fields are marked *

Ford, Panasonic Testing An Automated ‘Smart Service Kiosk’

Zero To 60 Designs Reveals Its Eleanor-Inspired, Retro-Modern 1975 Ford Bronco