The automotive industry policy of the president of the USA Joseph Biden

Regulatory changes in any branch of the real sector of the economy have a strong impact not only on a wide range of consumer characteristics of finished products, but also directly on the business itself engaged in its production. The automotive industry, one of the most important in the structure of the US economy, is no exception; at least the last three US presidents have paid close attention to its support and transformation. Barack Obama was directly involved in saving the Big Three companies from bankruptcy during the years of the global financial crisis, and Donald Trump, who canceled some of the environmental regulations introduced by his predecessor, practically forced the leaders of automakers to return car production from other countries to the United States. This article analyzes the economic policy of the cabinet of the current 46th US President Joseph Biden in relation to the country's auto industry, its impact on the business of automakers, the US energy infrastructure, the country's domestic auto market, and also considers additional mechanisms that could further support the transformation and development US automotive industry.

automotive industry, USA, president Joseph Biden, electric vehicles, ecology, economic policy, energy, sustainable development