The Environmental Protection Agency last month launched a new rule-making process that aims at rolling back Obama-Era Corporate Average Fuel Economy (CAFE) standards. In addition, the EPA is looking to revoke the long-standing regulatory waiver that allows California to set its own automobile fuel efficiency and emissions standards. When the auto industry was on the ropes during the financial crisis ten years ago, the Obama administration in exchange for bailout funds extracted a promise from the car companies that they would achieve a fleet-wide fuel efficiency of 54.5 miles per gallon on...