WASHINGTON—President Donald Trump will eliminate fuel standard regulations imposed by President Joe Biden when he signs an executive order on Dec. 3 in the Oval Office.
His directive will reduce the number of miles a vehicle must travel on a mile of gasoline, a move that will mitigate car price increases of about $1,000 and save Americans approximately $109 billion, according to administration officials.
Representatives from Ford, General Motors, and Stellantis are expected to join the president for the signing ceremony.
The National Highway Traffic Safety Administration, a division of the Department of Transportation, oversees the Corporate Average Fuel Economy regulations—enacted by Congress in 1975 to reduce fuel consumption by setting miles per gallon standards for vehicles….