As the Trump administration works to rewrite and weaken clean car standards, the targeted Obama-era rules received an unexpected boost from an unlikely source. A new study by President George W. Bush’s anti-regulatory czar found that the current fuel efficiency and emissions standards are good for the economy as a whole, mostly due to the significant savings that American drivers would see at the pump.
“The positive effects on the economy are ultimately much larger in magnitude than the negative impacts, primarily because the savings in expenditures on fuel are quite large relative to the vehicle price premium,” according to the study published in the Journal of Policy Analysis and Management. Continue reading “Trump’s Clean Car Rollbacks Would Cost Drivers More Money, Finds Surprised Bush-era Official”
