India, Feb. 13 -- The Trump administration says repealing a key Obama-era climate policy will reduce the cost of buying a new vehicle by an average of $2,400: a figure highlighted by the White House and the Environmental Protection Agency (EPA).

According to the New York Post, the move rescinds the 2009 "endangerment finding," which allowed the EPA to regulate greenhouse gas emissions from vehicles beginning with model year 2012.

Introduced under former President Barack Obama, the endangerment finding enabled the EPA to measure and limit emissions of carbon dioxide, methane and other greenhouse gases from cars and engines.

President Donald Trump and EPA Administrator Lee Zeldin announced the repeal this week, arguing that the rule impo...