President Donald Trump at his Mar-a-Lago club in Florida on Thanksgiving Day. Pete Marovich/Getty Images/File

President Donald Trump will unveil a “reset” of federal fuel-economy standards for vehicles during an Oval Office announcement Wednesday afternoon, a White House official told CNN.

Top auto executives, including the CEOs of Ford and Stellantis, along with a General Motors plant manager, are expected to attend the event, the official added.

The Corporate Average Fuel Economy standards, first established in 1975, set the average fuel economy targets for new vehicles. The Biden administration had proposed modest increases to the requirements for the vehicles most Americans drive as part of a push to promote electric vehicles and battle climate change. Trump is expected to roll

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