Fact Sheet: President Donald J. Trump Announces the Reset of Corporate Average Fuel Economy (CAFE) Standards
Fact sheetRegulation easedPublished 25/12/03Open the original
Summary
President Trump resets the Corporate Average Fuel Economy standards to levels conventional gasoline and diesel vehicles can meet; the fact sheet says this saves families $109 billion over five years and avoids a nearly $1,000 increase in the average new car price.
By industry
- Batteries, EVs & the IRA1 trading day+0.7%p15 stocks5 trading days+6.0%p15 stocks20 trading days−0.5%p15 stocks
“The Biden Administration standards imposed unrealistic fuel economy targets that effectively resulted in an electric vehicle (EV) mandate.”
Day by day after the announcement
| Day | Batteries, EVs & the IRA stocks | S&P 500 |
|---|---|---|
| 25/12/02 | 0.0% | 0.0% |
| 25/12/03 | +1.0% | +0.3% |
| 25/12/04 | +4.3% | +0.4% |
| 25/12/05 | +6.4% | +0.6% |
| 25/12/08 | +5.3% | +0.4% |
| 25/12/09 | +6.1% | +0.2% |
| 25/12/10 | +6.3% | +0.8% |
| 25/12/11 | +6.2% | +1.1% |
| 25/12/12 | +3.7% | +0.0% |
| 25/12/15 | +0.8% | −0.1% |
| 25/12/16 | +0.8% | −0.5% |
| 25/12/17 | −1.2% | −1.3% |
| 25/12/18 | +2.1% | −0.9% |
| 25/12/19 | +5.2% | −0.1% |
| 25/12/22 | +7.0% | +0.5% |
| 25/12/23 | +4.7% | +0.9% |
| 25/12/24 | +5.2% | +1.2% |
| 25/12/26 | +4.0% | +1.2% |
| 25/12/29 | +1.7% | +0.9% |
| 25/12/30 | +0.1% | +0.8% |
| 25/12/31 | −0.5% | +0.1% |
Korean stocks in these industries
- LG Energy Solution 373220
- Samsung SDI 006400
- SK Innovation 096770
Trades in these industries around the announcement
Members' and insiders' trades in the industries' stocks, 30 days before to 30 days after.
- Kimbal Musk
SellTesla
SellTesla
TSLA
$25.6M
56,820 sh
$25.6M
Filed 25/12/11
Traded 25/12/09
- Vaibhav Taneja
SellTesla
SellTesla
TSLA
$1.2M
2,637 sh
$1.2M
Filed 25/12/09
Traded 25/12/08
- Badrinarayanan Kothandaraman
BuyEnphase Energy
BuyEnphase Energy
ENPH
$153.5K
5,000 sh
$153.5K
Filed 25/11/10
Traded 25/11/10
- John L. Thornton
BuyFord Motor
BuyFord Motor
F
$99.2K
7,520 sh
$99.2K
Filed 25/11/18
Traded 25/11/14
- James R. Murdoch
Sell10b5-1 planTesla
Sell10b5-1 planTesla
TSLA
$2.7M
6,167 sh
$2.7M
Filed 01/06
Traded 01/02
- James R. Murdoch
Sell10b5-1 planTesla
Sell10b5-1 planTesla
TSLA
$2.7M
5,927 sh
$2.7M
Filed 01/06
Traded 01/02
- James R. Murdoch
Sell10b5-1 planTesla
Sell10b5-1 planTesla
TSLA
$2.7M
6,049 sh
$2.7M
Filed 01/06
Traded 01/02
- James R. Murdoch
Sell10b5-1 planTesla
Sell10b5-1 planTesla
TSLA
$2.5M
5,679 sh
$2.5M
Filed 01/06
Traded 01/02
- James R. Murdoch
Sell10b5-1 planTesla
Sell10b5-1 planTesla
TSLA
$1.8M
3,891 sh
$1.8M
Filed 01/06
Traded 01/02
- James H. Litinsky
SellMP Materials
SellMP Materials
MP
$17.3M
275,561 sh
$17.3M
Filed 25/12/05
Traded 25/12/05
- James R. Murdoch
Sell10b5-1 planTesla
Sell10b5-1 planTesla
TSLA
$1.7M
3,749 sh
$1.7M
Filed 01/06
Traded 01/02
- James R. Murdoch
Sell10b5-1 planTesla
Sell10b5-1 planTesla
TSLA
$1.6M
3,575 sh
$1.6M
Filed 01/06
Traded 01/02
- James R. Murdoch
Sell10b5-1 planTesla
Sell10b5-1 planTesla
TSLA
$1.5M
3,306 sh
$1.5M
Filed 01/06
Traded 01/02
- James R. Murdoch
Sell10b5-1 planTesla
Sell10b5-1 planTesla
TSLA
$1.4M
3,055 sh
$1.4M
Filed 01/06
Traded 01/02
- James H. Litinsky
SellMP Materials
SellMP Materials
MP
$13.2M
207,691 sh
$13.2M
Filed 25/11/20
Traded 25/11/20
- James R. Murdoch
Sell10b5-1 planTesla
Sell10b5-1 planTesla
TSLA
$1.3M
3,004 sh
$1.3M
Filed 01/06
Traded 01/02
- James R. Murdoch
Sell10b5-1 planTesla
Sell10b5-1 planTesla
TSLA
$1.1M
2,519 sh
$1.1M
Filed 01/06
Traded 01/02
- James R. Murdoch
Sell10b5-1 planTesla
Sell10b5-1 planTesla
TSLA
$1M
2,304 sh
$1M
Filed 01/06
Traded 01/02
- James R. Murdoch
Sell10b5-1 planTesla
Sell10b5-1 planTesla
TSLA
$785.9K
1,803 sh
$785.9K
Filed 01/06
Traded 01/02
- James R. Murdoch
Sell10b5-1 planTesla
Sell10b5-1 planTesla
TSLA
$736.7K
1,685 sh
$736.7K
Filed 01/06
Traded 01/02
