US Government Presents Regulatory Gift to Gas Automakers

The US government on Monday finalized new lower vehicle fuel economy standards , reversing a push by the Biden administration to build more fuel-efficient vehicles. The move is broadly seen as helping sales of gas-powered cars and trucks at the expense of electric vehicles. The Alliance for Automotive Innovation called the rollback an “appropriate course correction” that aligns fuel economy standards with market realities and legal requirements. (Automotive News) Environmental groups countered that the rollback gives automakers…