During MBS 2024 this week, the Center for Automotive Research presented and released a new white paper and research note.

Read them below!

Affordability: The Twenty-Five Thousand Dollar Electric Vehicle

White Paper

A topic on the minds of consumers and automotive industry members alike relates to vehicle affordability. CAR explores this issue in detail in a series of round table discussions with experts and industry stakeholders with a focus on supply, demand, and policy dynamics at play to affect affordability.

In this whitepaper, CAR outlines the drivers of increasing production costs, determining how to reach economies of scale via supply, and analyzing whether a $25000 vehicle is, in fact, affordable for consumers to bolster demand. Finally, CAR examines how policies aimed at reducing greenhouse gas emissions impact vehicle manufacturing and sales. This article is a timely and useful primer on the evolving factors affecting the automotive industry.

Economic Contribution of the U.S. Automotive Industry

Research Note

Although it is well established that the automotive industry contributes significantly to the US economy and employs millions of people, the industry’s expanding presence nationwide highlights its ongoing evolution. In this research note, CAR examines the economic contributions of the automobile and light duty motor vehicle manufacturing and parts manufacturing industries in the US.

Results from this analysis outline the effects of industry on employment, labor income, value added, output, and tax revenue. Complementing the data observed in the CAR Book of Deals that demonstrate how capital investments are expanding across the US, this analysis reveals the regional and interconnected effects of trade and commuting. These results provide a unique snapshot of the automotive industry collaboration across regions of the US.

Thank You for Another Great Year of MBS!

Thank you to our speakers, moderators, sponsors, exhibitors, and attendees for making MBS 2024 a space to Engage, Embrace, and Embark together in the ever-adapting automotive industry.

Keep an eye on our social media for more of our MBS 2024 recap!

Also keep an eye out for MBN"s 9 video interviews from CAR MBS #59.

The Center for Automotive Research is a nonprofit organization; its mission is to inform and advise, through independent research, education, and dialogue, enabling a more viable and sustainable automotive ecosystem.