Trump Wants to Trade Fuel Economy for Cheaper Cars. But It Might Not Work

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The Trump administration says its proposal to roll back vehicle fuel economy standards, announced officially in the Oval Office on Wednesday, is an attempt to shave dollars off the ballooning cost of new cars in the US.

But the intended price drops likely won’t show up on dealership lots and showroom floors for months if not years, given the length of automakers’ product planning schedule. It would also likely force Americans to pay more, long-term, at another place they tend to visit more…



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Trump Wants to Trade Fuel Economy for Cheaper Cars. But It Might Not Work


The Trump administration says its proposal to roll back vehicle fuel economy standards, announced officially in the Oval Office on Wednesday, is an attempt to shave dollars off the ballooning cost of new cars in the US.

But the intended price drops likely won’t show up on dealership lots and showroom floors for months if not years, given the length of automakers’ product planning schedule. It would also likely force Americans to pay more, long-term, at another place they tend to visit more…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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