General Motors CEO Mary Barra says that GM would have been forced to restrict gasoline-powered vehicle output and potentially shut down manufacturing plants if federal fuel economy regulations enacted under President Joe Biden had remained in place.
As reported by Bloomberg, the Biden-era rules, which targeted an average fleet fuel economy of roughly 50 miles per gallon by the 2031 calendar, which would have effectively required automakers to make EVs account for more than half of their U.S. sales.
Read Article