[The U.S. to Lower Fuel Economy Standards for Vehicles, Potential Increase in Fuel Consumption and Emissions] According to a report by Jinse Finance, on September 27, U.S. officials stated on Saturday that the Department of Transportation will finalize regulations on Monday to significantly lower vehicle fuel economy standards, effective through 2031. This move signifies a reversal of policies from the Biden administration that encouraged automakers to produce more electric vehicles. U.S. President Trump announced that he has approved the new fuel economy standards for cars and trucks, claiming that the new regulations will reduce the cost of new vehicles. U.S. Secretary of Transportation Duffy stated, 'American autoworkers will see a major victory on Monday.' According to estimates from the Department of Transportation, the new standards will lower the cost of new vehicles but will lead to increased fuel consumption and carbon dioxide emissions in the coming decades.