President Donald Trump is expected to release new guidance on fuel efficiency standards on Wednesday at 2:30 p.m., according to reports.
The president’s announcement is expected to focus on efforts to reduce the prices of new vehicles in the United States, which have reached record highs.Â
TRUMP TO REVERSE BIDEN-ERA FUEL STANDARDS
Trump’s new guidance will likely roll back Biden-era regulatory measures that limit pollution from gasoline-powered vehicles, according to people familiar with the plans.
Senior executives from major car companies, such as Ford, General Motors, and Stellantis, will reportedly join Trump for the announcement.