President Donald Trump announced on Wednesday (December 3) that his administration will "reset" fuel efficiency standards for passenger cars . The decision aims to address rising auto prices amid inflation and affordability concerns. The previous rules, designed to lower carbon emissions, "put tremendous upward pressure on car prices," Trump stated in the Oval Office.

The proposed changes will lower fuel economy requirements for new vehicles , a move expected to save Americans $109 billion over five years and reduce the average cost of a new car by $1,000. The Department of Transportation projects that the new standards will set the industry fleetwide average for light-duty vehicles at approximately 34.5 miles per gallon by the 2031 model year.

The announcement marks a significant

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