Shares in European truck makers fell on Thursday after the U.S. Environmental Protection Agency (EPA) said it would start efforts to reverse the Biden administration's vehicle emissions rules.

The American auto industry has been hamstrung by the crushing regulatory regime of the last administration," EPA Administrator Lee Zeldin said in a statement. "As we reconsider nearly one trillion dollars of regulatory costs,

President Trump’s Environmental Protection Agency on Wednesday began the process of rescinding vehicle fuel efficiency standards that Republicans deride as a de facto “electric vehicle mandate,” The Post has learned.