By Matt Posky on December 15, 2020
The Alliance for Automotive Innovation (AAI) is proposing a national strategy for the United States it claims will help keep the country competitive. However, the AAI represents automakers, parts suppliers, and technology firms around the globe â making this more of a plea to U.S. policymakers and the industry to remain laser-focused on electrification, connectivity, and vehicular automation. It’s pitching its preferred global strategy, not some custom strategy for helping the U.S. achieve dominance because it’s telling the European Union and Asia the exact same story.
Elsewhere, the eight-part plan is being touted as an invaluable tool to help guide America back toward automotive relevance. But here, we remain skeptical.
By Matt Posky on March 30, 2021
With President Biden planning to announce an infrastructure proposal that could easily exceed $2 trillion, the automotive industry has come to the realization that some of that money could be used to make its job easier. Following Tesla’s attempt at charming the federal government into making carbon credits more valuable, automotive lobbies, supplier groups, and the United Auto Workers (UAW) union have issued a joint letter asking for financial assistance.
Addressed to the president and congress, the document makes numerous requests for help with electric vehicle adoption rates. Industry groups would like to see Biden sign onto significant government tax incentives and subsidies for both buying and manufacturing electric vehicles. But this isn’t limited to passenger cars, they also want tax dollars used to help offset the prices corporations pay on commercial EVs intended for fleet use. Government grants would likewise be set aside for org
Auto Alliance Pitches Preferred U.S. Strategy: Government Money
The Alliance for Automotive Innovation (AAI) is proposing a national strategy for the United States it claims will help keep the country competitive. However, the AAI represents automakers, parts suppliers, and technology firms around the globe â making this more of a plea to U.S. policymakers and the industry to remain laser-focused on electrification, connectivity, and vehicular automation. It’s pitching its preferred global strategy, not some custom strategy for helping the U.S. achieve dominance because it’s telling the European Union and Asia the exact same story.
Elsewhere, the eight-part plan is being touted as an invaluable tool to help guide America back toward automotive relevance. But here, we remain skeptical.
They all share a common goal.
Although it was going to happen eventually, the coronavirus pandemic has played a significant role in the drive towards an electric vehicle future. General Motors recently joined Ford to back the EV goals of California and President-elect Biden. The Golden State s aim is to ban all new combustion-engined passenger and light-duty vehicle sales by 2035. Biden also sees an opportunity to create new jobs in the green energy sector.
Today, Reuters reports the Alliance for Automotive Innovation, a major auto trade association whose members include GM, Ford, VW, Toyota, and a host of other brands, has launched a new effort to push US lawmakers to support EV-related initiatives. These include financial incentives for continued research and development as well as tax credits for consumers.
Shares of
QuantumScape (NYSE:QS) were moving higher on Tuesday. Shares of the company, which is developing an innovative solid-state battery for electric vehicles, got a boost after a major automotive trade association urged lawmakers and the incoming Biden administration to back a sweeping series of measures to support electric-vehicle adoption.
As of 1 p.m. EST, QuantumScape s shares were up about 10.8% from Monday s closing price.
So what
The Alliance for Automotive Innovation, a trade group representing nearly all of the major automakers, released a report on Tuesday that outlines a series of steps to boost the electric-vehicle market in the United States and to revamp regulatory oversight of autonomous vehicles.