President Donald Trump unveiled plans Wednesday to slash the strict Biden-era fuel efficiency standards that he has long lambasted as an “EV mandate.”

“We are officially terminating Joe Biden’s ridiculously burdensome — horrible, actually — CAFE standards that imposed expensive restrictions,” Trump told reporters at the Oval Office, using the acronym for Corporate Average Fuel Economy.

He was joined by the CEOs of major American automakers Ford and Stellantis, who praised the president’s decision to drastically loosen regulations on gas-powered vehicles.

President Trump on Wednesday unveiled plans to slash strict Biden-era fuel efficiency standards. REUTERS

Under former President Joe Biden, CAFE standards were significantly tightened to require automakers to increase the fuel efficien

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