FOX Business(@FoxBusiness):President Trump says he has approved new fuel economy standards aimed at rolling back Biden-era rules that his administration has characterized as an EV mandate. Trump says the new standards will give automakers more flexibility and lower vehicle prices, arguing Americans were being pushed toward cars they didn't want. The president says the shift comes alongside $100 billion in planned investment in American auto manufacturing, declaring, "The Plants are coming back, and Jobs are returning." Read more on what the new standards could mean for automakers, car prices and EVs:

2026.09.26 23:30

President Trump says he has approved new fuel economy standards aimed at rolling back Biden-era rules that his administration has characterized as an EV mandate. Trump says the new standards will give automakers more flexibility and lower vehicle prices, arguing Americans were being pushed toward cars they didn't want. The president says the shift comes alongside $100 billion in planned investment in American auto manufacturing, declaring, "The Plants are coming back, and Jobs are returning." Read more on what the new standards could mean for automakers, car prices and EVs: