General Motors will see its technology costs decline by $20.4 billion through 2031 as a result of drastically lower vehicle fuel ‌economy rules finalized Monday, the US Transportation Department said.

The U.S. Transportation Department on Monday finalized sharply lower vehicle fuel economy standards, President Donald Trump's latest effort to encourage ‌sales of gasoline-powered vehicles and reverse former President Joe Biden's push toward greater fuel efficiency and EVs.

The US Transportation Department on Monday will finalize sharply lower vehicle fuel economy standards through 2031, reversing a push by the Biden administration to force automakers to build more electric vehicles, officials said on Saturday.