EPA Data Suggests Trump Policies Could Raise Gas Prices and Cost Jobs

EPA's Regulatory Shift and Gas Prices

• ⛽ The EPA has revoked a key scientific finding, claiming it's no longer necessary to regulate greenhouse gases and climate pollution.
• 📉 This rollback includes eliminating vehicle emission standards, which contradicts previous Biden administration policies that aimed to lower gas prices.
• 📈 CBS News' review of EPA data suggests that under proposed Trump-era policies, which would deincentivize electric vehicles and eliminate fuel efficiency standards, gas prices could increase significantly every five years due to higher demand for gasoline.

Impact on Fuel Efficiency and Employment

• 🚗 Under Biden administration policies, significant improvements in fuel efficiency were anticipated, with cars reaching about 61 miles per gallon and trucks/SUVs reaching 41 miles per gallon by 2035.
• 📉 Conversely, Trump-era policies that roll back energy efficiency could result in much lower fuel efficiency, with SUVs only reaching about 29 miles per gallon, compared to the current 27 mpg.
• 📉 The same regulatory analysis indicates a potential loss of up to 450,000 jobs by 2035 under these environmental rollback policies, with job losses not fully rebounding for decades.