Who knew that removing ridiculous eco-extremist regulations could help auto manufacturers save money? Even the green freaks at Bloomberg News had to concede that point to President Donald Trump.

NewsBusters has the story.

Bloomberg News reporters David Welch, Keith Naughton, and Keith Laing admitted in an eye-popping September 7 story that Trump’s “push to cut federal sales incentives and roll back emissions standards is shaping up to be a multibillion-dollar gift to Detroit’s automakers as they shift investments into gasoline-fueled cars.”

Specifically, according to the report, the deregulatory push “is clearing the way for Detroit’s legacy automakers and their traditional rivals to reallocate billions of dollars earmarked for EVs and other costs linked to pollution rules.” 

Ford Chief Executive Officer Jim Farley reportedly told Bloomberg News that the Trump deregulation agenda had “the potential to unlock a multibillion-dollar opportunity over the next two years.”

Contrast this with the media’s support for the Green New Dealers of Team Biden over the past four years.

Almost two years ago, Reuters reported that automakers were facing $14 billion in fines as a result of then-President Biden’s proposal to hike fuel-economy standards.

Now, automakers have the ability to allocate much-needed resources towards production as opposed to government mandate compliance. For example, Welch, Naughton and Laing estimated that Ford was reallocating a whopping $1.5 billion it was spending this year alone on regulatory credit-purchase commitments to produce “gas-powered models and hybrids.” 

Read the full story here.