redstate.com By Becca Lower
Affordability has been on the minds of many Americans in recent months, as inflation slowly ticks downwards and the prices of some staple food items begin to drop. With a new executive order, President Donald Trump seems to be trying to address those concerns on a big-ticket item for many families…being able to afford a new vehicle.
Readers may have caught our story on Tuesday with Trump’s comments on the fake “affordability” narrative getting pushed by the Dems. He also mentioned the possibility of scrapping the levying of federal income tax altogether.
In an event in the Oval Office, President Trump, along with representatives of car manufacturers and dealerships, announced a new executive order rescinding Biden CAFE tailpipe emissions standards, which raised costs on the companies and the cost of car prices for consumers. CAFE stands for “Corporate Average Fuel Economy.” An easy definition, via the National Highway Traffic Safety Administration, is a regulation:
…[on] how far our vehicles must travel on a gallon of fuel. NHTSA sets CAFE standards for passenger cars and for light trucks (collectively, light-duty vehicles), and separately sets fuel consumption standards for medium- and heavy-duty trucks and engines. NHTSA also regulates the fuel-economy window stickers on new vehicles.
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