With an annual economic impact of greater than $27 billion, the automotive sector is now an integral part of the state’s financial system. Although properly designed gasoline economy requirements would not essentially constitute a aggressive disadvantage to U.S. automotive corporations (see Chapter 9 ), new gasoline economy requirements which are extremely expensive to implement or that vastly distort the normal product cycle of the trade would place an infinite monetary burden on home automakers.

Fields: As you have a look at autonomous vehicles, I’d say the four challenges are: the technological challenges, which you talked about, the regulatory challenges, the … Read More..