Why is it Important Newly Elected Leaders Understand the Auto Industry?

Newly elected leaders of the US need to understand the automotive industry and the impact their decisions might have on it.

As one of the largest industries in the world, the auto industry reaches nearly every person on the planet and certainly has a major impact on the citizens of North America. Because automakers have spread out around the globe, making cars is no longer simply a domestic concern, but a global one.

Pressure from Environmentalists Continues to Impact Automakers

Whether the elected leaders agree with environmentalists or choose to be less restrictive to the auto industry, their decisions have an impact on the environment and the performance of automakers. In recent years, we’ve seen a movement toward larger numbers of hybrid and electric vehicles, but those vehicles have their own environmental concerns as well. It’s important those in office consider all aspects of the impacts of their decisions.

Elected Leaders Need to Understand Car-Sharing Programs

Many people are moving away from individual car ownership in favor of hiring a car only when they need one. Whether that’s in a local area or when traveling, more people are taking advantage of car-sharing programs. This shift in the market could impact the auto industry, which would have a negative impact on unemployment rates and economic spending. Elected leaders need to understand this area of the industry to guide us through it in a positive way.

Electric Vehicles Are the Future

As other countries have addressed issues regarding air pollution by requiring more vehicles to be hybrid or electric, we can easily see that this will be part of the future of the auto industry. Elected leaders need to understand the environmental impact of creating the batteries, the benefits of driving a vehicle that has no harmful emissions, and the need for an expanded infrastructure for charging these vehicles.

China is the Largest Automotive Market

Regardless of our feelings regarding China and its political structure, this is the largest and most profitable automotive market in the world. US domestic vehicles are extremely popular in China, which increases the profits and flexibility of the companies we know and trust. The rapid growth of this market can’t be ignored, making it an important part of what elected leaders need to understand about the auto industry.

Self-Driving Technology Growth and Regulations

We already have some vehicles that can drive around some cities without a driver behind the wheel. This is an amazing achievement, but it leaves more questions unanswered than answered? Elected leaders need to learn as much as they can about this technology, what it takes to make it safe, how these cars can drive on their own, and what it will take to bring this technology to more areas. They also need to understand the negative side of this advanced technology.

When it comes to the auto industry, there’s a lot for the newly elected leaders to learn and understand, to help us move forward safely and in the most profitable way possible.