financetom
Business
financetom
/
Business
/
US expected to declare Biden fuel economy rules exceeded legal authority
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US expected to declare Biden fuel economy rules exceeded legal authority
May 26, 2025 10:34 AM

WASHINGTON (Reuters) - The U.S. Transportation Department is expected to declare that fuel economy rules issued under then President Joe Biden exceeded the government's legal authority by including electric vehicles in setting the rules, automakers said on Monday.

Transportation Secretary Sean Duffy said the department's National Highway Traffic Safety Administration on Friday submitted its interpretive rule, "Resetting the Corporate Average Fuel Economy Program" to the White House for review.

He said in a statement the prior administration had "illegally used CAFE standards as a backdoor electric vehicle mandate - driving the price of cars up."

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Beam Global Launches Curbside EV Charging Infrastructure System BeamSpot
Beam Global Launches Curbside EV Charging Infrastructure System BeamSpot
Sep 9, 2024
07:31 AM EDT, 09/09/2024 (MT Newswires) -- Beam Global ( BEEM ) said Monday it has launched the BeamSpot, a curbside electric vehicle charging infrastructure system. BeamSpot integrates with streetlight infrastructure, combining solar, wind, and utility-generated electricity with Beam's battery storage, Beam Global ( BEEM ) said. Beam aims to deploy the BeamSpot system in areas where traditional EV charging...
Spire Global Awarded $3.8 Million Contract From National Oceanic and Atmospheric Administration to Provide Radio Occultation Data
Spire Global Awarded $3.8 Million Contract From National Oceanic and Atmospheric Administration to Provide Radio Occultation Data
Sep 9, 2024
07:52 AM EDT, 09/09/2024 (MT Newswires) -- Spire Global ( SPIR ) said Monday it was awarded a $3.8 million contract from the National Oceanic and Atmospheric Administration to provide radio occultation data for one year, starting Sept. 18. Under the contract, Spire-provided radio occultation data, which includes global vertical profiles of atmospheric pressure, humidity and temperature, will be used...
Palantir to Deploy Its AIP Software Under Expanded Partnership With BP
Palantir to Deploy Its AIP Software Under Expanded Partnership With BP
Sep 9, 2024
07:54 AM EDT, 09/09/2024 (MT Newswires) -- Palantir Technologies ( PLTR ) and BP (BP) said Monday they have agreed to deploy Palantir's ( PLTR ) AIP software under an expanded deal. The software is expected to support BP's efforts to use large language models to expedite human decision-making via AI recommendations, the companies said. Price: 32.76, Change: +2.43, Percent...
Huawei racks up 3 million pre-orders for tri-fold phone before Apple's iPhone 16 reveal
Huawei racks up 3 million pre-orders for tri-fold phone before Apple's iPhone 16 reveal
Sep 9, 2024
BEIJING (Reuters) - Chinese tech giant Huawei has garnered more than 3 million pre-orders for its triple-folding smartphone, its website showed on Monday, which comes just hours before Apple's ( AAPL ) debut of its new generation of iPhones. Huawei's Mate XT, a Z-shaped tri-fold phone is scheduled to be unveiled at a launch event on Tuesday, as announced on...
Copyright 2023-2025 - www.financetom.com All Rights Reserved