The automotive industry is unquestionably evolving at considerable pace whether through advances in connectivity and autonomy in vehicles, developments in the way that consumers access and use vehicles or changes driven by the 'electric revolution' and the industry disruption caused by the COVID-19 pandemic.
Through our series of articles, "Views on an evolving automotive industry", we will look at some of the legal, regulatory and compliance issues that arise from or have been magnified by these unprecedented changes.
In this third article of the series, Roddy Martin, Nanda Lau and Paul Hartley look at the tensions OEMs are facing in balancing their drive towards electrification with the immediate industry impacts resulting from the COVID-19 pandemic. In particular they look at the likely significance of increased governmental support and incentive schemes in enabling OEMs to strike such balance and the form such incentives are taking as compared against available incentives in China and those introduced following the 2008 global financial crisis.
The contents of this publication are for reference purposes only and may not be current as at the date of accessing this publication. They do not constitute legal advice and should not be relied upon as such. Specific legal advice about your specific circumstances should always be sought separately before taking any action based on this publication.
© Herbert Smith Freehills 2021