The USA and the Reduction of Car Emmissions
In looking to the future vehicle marketplace two trends do stand out. First, it is expected that continuous high growth in vehicle production will remain the norm, at least for the next several decades, as countries with much lower per capita vehicle populations advance economically. The major threat to this growth in new vehicle sales, in my judgment, is the serious environmental problems which these vehicles cause. In effect, therefore, the future of the automobile industry is very dependent on its ability to clean up these vehicles. Someone used the phrase the other day, "clean them or park them." If they can’t clean them up, more and more cities especially will start to restrict the use of vehicles. In addition, I think the second conclusion that emerges from this is that those companies which will be the most successful in cleaning up their vehicles and making them fuel efficient will be those that succeed in the future world marketplace. With European and other countries committed to stabilization of C02 and the demand for more fuel efficient vehicles expanding in other parts of the world, this pressure will continue to increase. As the pollution problems become more severe in the rapidly developing countries where the high growth is taking place, they are increasingly moving toward stringent control of conventional pollutants. If U.S. companies aggressively pursue this market, it will lead, of course, to more jobs and greater profitability for U.S. companies. Conversely, those which cannot or choose not to compete in this aspect of the market will fall further and further behind. I hope you enjoyed this post. I have written more about the automotive industry. Why not read my article about plate lookup sites? I’ll see you there!