Skip to main content

Let the market decide on green technologies - Global Automakers

“To encourage wider deployment of green technologies, including innovations that our members have on display at the Washington Auto Show this week, the government should not pick winners and losers but let the marketplace decide,” said Global Automakers’ president and CEO Michael J. Stanton, whose association represents 15 international automobile manufacturers.
May 21, 2012 Read time: 2 mins
“To encourage wider deployment of green technologies, including innovations that our members have on display at the Washington Auto Show this week, the government should not pick winners and losers but let the marketplace decide,” said Global Automakers’ president and CEO Michael J. Stanton, whose association represents 15 international automobile manufacturers.

As Stanton points out, Global Automakers’ members have long led the industry in the development and deployment of green technologies. These companies brought the first hybrids to American consumers in 1999 and today account for 82 per cent of the US hybrid market. This week’s Washington Auto Show is highlighting the latest green innovations automakers have developed.

“Hybrids are just one of the many technologies our members are aggressively pursuing to reduce CO2 emissions in order to protect the environment and lessen our nation’s reliance on fossil fuels,” said Stanton. “From fuel cells, to plug-in hybrids and pure electric, the vehicles on display this week are the result of millions of R&D dollars that our members continue to invest to reduce the environmental footprint of their vehicles and to meet or exceed government regulations.”

The 4946 Association of Global Automakers, formerly known as the Association of International Automobile Manufacturers (AIAM), represents international motor vehicle manufacturers, original equipment suppliers, and other automotive-related trade associations. Its members’ market share of both US sales and production is 40 per cent and growing.

For more information on companies in this article

Related Content

  • Funding for EV development in Brazil
    April 16, 2012
    The Brazilian Development Bank (BNDES) has announced financing for a project by WEG electric motors to develop technology for electric vehicles (EVs). The company will receive US$4.72 million from the Bank, representing 62.3 per cent of the total investment of $7.55 million.
  • Kistler Group plans further growth through innovation
    February 3, 2016
    With sales of US$341 million in 2015, the Switzerland-based Kistler Group overcame currency-related challenges to achieve continued growth and create some 120 new jobs around the world. The dynamic measuring technology manufacturer plans targeted investments in R&D during 2016 in order to develop innovative products and application-specific services. Kistler intends to expand its service offering by continuing to introduce application-specific service products until 2020. Innovative products will be ad
  • How MaaS delivers public sector value
    June 28, 2021
    MaaS can be much more than a vehicle to help cities and governments to better align with societal, environmental and economic policies and goals, explains Scott Shepard of Iomob
  • First electric buses hit London’s streets
    December 19, 2013
    Transport for London (TfL) and bus operator Go-Ahead London have begun a trial of the capital’s first electric buses on two routes in the city. The 12-metre single deck buses were built by Chinese manufacturer BYD Auto have zero tail pipe emissions, resulting in lower carbon emissions. The trial will help TfL develop plans for greater use of electric buses in central London in the future, supporting the Mayor’s vision of a central London Ultra Low Emission Zone. The trial will be used to establish wh