So, on the real side, we can see that the regulatory changes are generally increasing the production costs. In the same manner, the regulatory changes are as well placing limitations on how cars are sold as well as marketing.
The prime reason that stands behind the regulatory changes is the protection of the environment, as well as the benefits that the users will receive.
In addition to that, the lawmakers have also made fuel efficiency a way higher priority in the last decade.
It is the Corporate Average Fuel Economy that has set the nationalized standards for automotive fuel efficiency. Fuel efficiency goals are expected to reach up to 54.5 miles per gallon by 2025.
Simply said the regulatory changes have a huge impact on the automotive industry. But as well as to the environment and to users too. Especially to users- it has brought only positive impact.
4. Environmental regulations
To continue with the environmental regulations.
