The administration’s war with California could cost the U.S. economy $400 billion by mid-century.
The Trump administration’s plan to freeze fuel efficiency standards in defiance of California’s stricter, more environmentally friendly rules is set to have dire ramifications for emissions levels and the economy, according to new research out Wednesday.
Rolling back California’s robust vehicle emissions requirements will cost the U.S. economy $400 billion through 2050, an analysis from the environmental policy group Energy Innovation found. President Donald Trump’s efforts to undo Obama-era rules will also increase U.S. gasoline consumption by up to 7.6 billion barrels, subsequently increasing U.S. transport emissions up to 10% by 2035.
Under Trump, the Environmental Protection Agency (EPA) and the National Highway Traffic Safety Administration (NHTSA) have been engaged in a bitter feud with California over emissions standards.
View the complete August 7 article by E.A. Crunden on the ThinkProgress website here.