- Newsletter (345)
The automotive industry is undergoing a fundamental shift toward an advanced mobility future characterized by automated, connected, and shared vehicles – a future that will be made possible by the electrification of transportation. Today the auto sector is a $3 trillion industry; the future advanced mobility industry has the potential to be more than three times larger. Michigan is home to 96 of the top 100 automotive suppliers in North America, 76% of investments in U.S. auto research and development, 18 original equipment manufacturers, and 11% of North American vehicle production. As a result, the transition to an advanced mobility future provides significant new economic opportunities for Michigan while simultaneously threatening Michigan’s position as the country’s mobility leader. To unlock the economic potential of the advanced mobility industry and to maintain Michigan’s mobility leadership, Michigan must lead not only on automated, connected, and shared vehicles, but also on vehicle electrification.
In 2018, 2 million electric vehicles were sold globally; sales of electric vehicles are projected to grow to 10 million by 2025, 18 million by 2030, and 56 million by 2040. Michigan’s leading automakers have announced plans for scores of new electric vehicle models over the next five years, and tens of billions of dollars in investments. Such a transformation of the mobility landscape will reduce harmful emissions from fossil-fuels and fundamentally transform Michigan’s economy, our electric and transportation systems, and the way people live and move. Michigan has an undeniable opportunity to harness this transition and position the state as the global leader in the advanced mobility future. The Whitmer Administration should seize this opportunity and take executive actions to support electric vehicles. This document provides specific recommended actions to lay the foundation for an advanced mobility future in Michigan.
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