CBS News excerpt – August 1, 2025:
When the Environmental Protection Agency announced it would roll back regulations aimed at curbing greenhouse gas emissions — especially from motor vehicles — it touted annual savings for Americans of $54 billion. The EPA said eliminating Biden-era policies, which encouraged higher fuel efficiency standards for cars and electric vehicle adoption to limit tailpipe emissions, would enable consumers to “have affordable choices when deciding to buy a car.”
But a CBS News review of the agency’s own regulatory impact analysis of the proposal found that gasoline prices would increase, and nearly a half million jobs would be lost by 2035, according to data from the U.S. Energy Information Agency, which was cited in the EPA’s report.
Cost of gasoline: In the EPA’s July analysis, the U.S. Energy Information Administration, which collects and analyzes energy data, showed Biden-era policies that were adopted by the end of 2024 would dramatically bring down the future cost of gasoline because more consumers would be driving electric vehicles, hybrids and fuel-efficient cars that require less gas.
It is challenging to predict the future gas prices because they’re subject to high uncertainty and market volatility, but under a future scenario where Biden-era policies have been revoked under the Trump administration, the EIA projects gasoline prices will continue to increase because of a higher demand for gas-powered cars and fuel.
The former administrator of the EIA, Joseph DeCarolis, explained in an email that if the government “disincentivizes electric vehicle purchases, more consumers will purchase gasoline vehicles resulting in higher gasoline consumption and high gasoline prices for everyone.”
“There’s a clear causal connection between rescinding measures promoting electric vehicles, such as EPA tailpipe standards, and the projection of higher gasoline prices,” he said.
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End CBS News excerpt.
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Climate Depot’s Marc Morano comments:
“According to the CBS News article citing a former Biden administration official’s analysis, if Americans were forced to buy EVs, and the Biden-era gas-powered car bans had gone into effect, demand for gasoline would drop and gas prices would then be ‘projected’ to be cheaper, because Americans would be forced to drive EVs. So by giving Americans a choice of what cars they want to drive, the Trump administration is raising gas prices and causing job losses. Huh?”
