President Trump met with auto industry executives at the White House on Friday, arguing for his planned rollback of fuel efficiency and emissions standards, and telling them he wanted them to build “millions more cars” in the United States.
Let’s assume they would. If they did, any cars they made would also be dirtier and more expensive for consumers to drive without the fuel efficiency and emissions rules that the president wants to discard.
How much more expensive? A draft proposal by the Trump administration that emerged in recent weeks would result in additional fuel costs of “$193 billion to $236 billion cumulatively between now and 2035” depending on oil prices, according to an analysis by the Rhodium Group, a research firm that examines the market impact of energy and climate policy.
And those higher gasoline costs are likely to hurt most the very families President Trump claims to care so much about — the ones living paycheck to paycheck.
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