Just a few weeks ago, General Motors broke ground on a new addition to its Baltimore operations that will be focused on making electric car components.
It’s an indication of the new priorities that automakers around the world are focused on, especially as the China market grows and breakthroughs in electric car battery technology are made.
The industry experts at Tompkins recently published a mid-year update to the Top 11 Priorities for 2011 for the Automotive Industry, which got me thinking about the exciting changes that the automotive industry will be experiencing over the next few years.
For instance, who knew that some of the most important words in an auto industry executive’s vocabulary in 2011 would be “vehicle electrification,” “charging stations,” “emission intensity” and “molten salt batteries”?
US manufacturing and job creation will also see the effects of new trends in the automotive industry. While only about 1 percent of the advanced batteries were made in the US just a few years ago, dozens of new manufacturing plants are slated to be built to help fulfill demand for electric vehicle batteries.
What else do you see ahead for the auto industry? Would you buy an electric car, or are you planning to soon?
GoGoGo!
Jim
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