As the rest of the world speeds ahead toward an electrified future, the U.S. is doubling down on gas-powered cars.

President Trump announced a proposal this week to slash stricter fuel economy standards put in place during the Biden administration. By reversing the standards, the White House further aligns itself with the oil and gas industry, with some automakers happily going along for the ride.

“We’re officially terminating Joe Biden’s ridiculously burdensome, horrible actually, CAFE standards that impose expensive restrictions,” Trump said, referencing the Corporate Average Fuel Economy rules. “And all sorts of problems – all sorts of problems for automakers.”

The president was joined by Ford CEO Jim Farley, Stellantis CEO Antonio Filosa and a representative from General Motors for

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