as well as while U.S. auto firms have questioned the feasibility of reaching efficiency standards planned for 2025, they do not support a complete freeze.
Arndt Ellinghorst, head of global automotive research at Evercore ISI Group, told CNBC on Friday in which auto bosses will tell Trump in which sticking fast to 2020 standards will mean a huge waste of investment.
“They are spending a lot of money on electric vehicles. the item can be something in which consumers want. If you right now put targets in place in which, let’s say, kill the electric vehicle by a regulatory perspective, I think in which makes the U.S. industry less competitive on a global scale,” he said.
Ellinghorst said the auto industry has been spending more than any various other on research as well as design as well as seeks a reliable as well as consistent regulatory framework.
“There can be nothing worse than inconsistencies as well as changing of the targets because companies commit huge capital for a very long term,” he added.
The autos analyst said freezing targets on fuel efficiency from the U.S. might disconnect the country by various other global automakers, putting the item at a competitive disadvantage.