Emissions policies

Aside from controlling the safety aspect of the automotive industry, politicians also take great interest in the environmental consequences of motor vehicles. Almost all cars, motorcycles, and buses are powered by fossil fuels such as petroleum and diesel, which produce a number of environmental pollutants when burnt. A major concern with motor vehicles is that of carbon emissions, i.e. the amount of carbon dioxide produced by driving a vehicle. As such, governments also have a great interest in the emissions statistics of new and existing vehicles. This, along with other environmental concerns, is yet another regulatory hoop for automotive manufacturers to jump through. e) Luckily, because the economy is more stable than in previous years, it also means consumers have more spending money. With more cash in their wallets, they can make big purchases. Like a brand new vehicle. In many cases, a car is as much a necessity as it is a luxury. Ford can benefit from providing a line of both — affordable vehicles and luxurious ones — to improve diversity.S) SHIFT AWAY FROM DRIVING

While consumer spending is growing, consumers’ desire to drive isn’t. For reasons both financial and environmental, many individuals are choosing to give up car ownership and travel with bicycles, scooters, buses, trains, and ride-sharing apps such as Uber or Lyft. This could present a major downturn in sales both for Volkswagen Group and the industry as a whole. Once again, this Sociocultural shift seems most prominent among younger consumers.