Question

What new laws will apply to auto-makers in the early 2020s? Please provide real-life examples in your response. Do you believe new innovative automobiles and standards will lead to higher costs passed onto consumers? At the current time do you believe consumers have the financial resources to purchase a new automobile in the range between $40-$60,000? Please explain. Would this make imports more attractive and less costly?

Answer 1

FULLY AUTONOMOUS CAR IS NOT COMING ANYTIME SOON

Microcars and subcompact vehicles–continue to grow in popularity. More than 60% of these vehicles are sold in emerging markets

The internal combustion engine will be present in more than 90% of vehicles

Many electric cars are expected to hit the market by 2020.

Several of these electric vehicles will be made by luxury automakers and moght cost above $50,000.

But there are also several automakers working on EVs with a range of 200-plus miles that will be less expensive

General Motors has launched its Chevy Bolt, which starts at about $37,500.

Ford is expected to launch an all-electric sports utility vehicle for the masses in 2020

Volkswagen is expected to launch an electric crossover in 2020 with a range of about 300 miles per charge.

Volvo says its first electric car is coming by 2019

Tesla also plans to launch its Model Y, a compact SUV, by 2020