which is an example of regulation in the automobile industry?
Explore how important regulations are to the automobile industry in terms of maintaining industry standards, safety, and emissions control. Government regulations in the automobile industry have a direct impact on how cars are built, how they seem, what safety features they come equipped with, and how well they function as a whole. Government regulation, therefore, also has a big impact on the automobile industry because it generally raises production costs and puts restrictions on how cars are marketed and sold. Automakers risk severe fines and other consequences if they violate automotive regulatory compliance, which are intended to safeguard consumers and the environment. Recognizing Automobile industry Regulation Frameworks Over the last ten years, there has been a notable expansion in the automobile industry. The performance requirements of automobiles have changed due to challenges arising from economic and environmental concerns, and automakers have had to adju...