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Adam Allington
The Trump administration has started the process of dramatically reducing fuel economy requirements for new vehicles, as part of the administration's move away from cleaner cars and electric vehicles.
Art Wheaton is an expert on transportation industries and serves as director of labor studies at Cornell University’s School of Industrial and Labor Relations. He says Trump’s pivot comes with short and long-term implications for carmakers.
Wheaton says:
“Jim Farley, CEO of Ford, admits Ford must continue electric vehicles and good fuel efficiency because the global market demands it.”
“In the short-term GM, Ford and Stellantis may crank out more gas-powered trucks and SUVs with lower gas mileage and higher CO2 emissions, and higher profits. However, what automakers crave most is regulatory consistency that will allow them conduct long-term planning.”