Economic Impact of Hyundai in the United States
This study estimates the economic impact in 2011 of Hyundai’s U.S. operations on the U.S. economy. In addition to the direct workers employed by Hyundai in all of its U.S. operations, many more people are needed to supply the goods and services that are directly or indirectly related to the operations of a motor vehicle company, or have jobs that are supported when the direct and indirect workers spend their paychecks in their communities.
Driving Workforce Change: Regional Impact and Implications of Auto Industry Transformation to a Green Economy
Before the Great Recession, the auto industry in Indiana, Michigan and Ohio was in the throes of restructuring—applying new technologies and production efficiencies, reducing costs, and modifying product lines to equal or beat global competitors —accompanied by an extended period of downsizing. Overlaying the recession on the restructuring compounded the challenges the industry was already facing.
Contribution of Toyota Motor North America to the Economies of Sixteen States and the United States in 2010
This study seeks to estimate the economic impact in 2010 of Toyota’s U.S. operations on the U.S. economy and 16 individual state economies. It finds that Toyota’s employment in the U.S. contributes to the support of more than 365,000 jobs nationally, and compensation of over $20 billion.
Deployment Rollout Estimate of Electric Vehicles 2011-2015
The purpose of this study is not to forecast sales of electric vehicles; rather, this study‘s aim is to estimate electric vehicle deployment by state. In order to create these estimates, CAR examined forecasts of total electric vehicle sales in the U.S. to generate a reasonable approximation of what electric vehicle sales might look like for the period 2012 to 2015. The national estimates used in this paper do not constitute a CAR forecast and only reflect projections that were available at the time of this study. In the study, Table 6 denotes the percentages used by CAR to divide national electric vehicle sales among states. With the state percentages, one could select any forecast and generate state-by-state results for that forecast.
CAR Research Memorandum: The Impact on the U.S. Economy of the Successful Automaker Bankruptcies
In late 2008 and throughout much of 2009, the global economy was in recession and the world’s automotive industry was in crisis. In the United States, automotive sales plummeted to historically low levels, both automotive commercial and consumer credit availability contracted sharply, and critically, two major automotive manufacturers—General Motors and Chrysler—were on the brink of collapse.
CAR Research Memorandum: The Economic and Fiscal Contributions of the “Cash for Clunkers” Program – National and State Effects
The Consumer Assistance to Recycle and Save (C.A.R.S.) Program, commonly called “Cash for Clunkers” (C4C), was a $3 billion government incentive to boost automotive industry sales that was in place July 24, 2009 through August 24, 2009. The program was widely hailed as a success since 677,081 individuals traded in their older and less fuel efficient vehicles for new vehicles. During this 32-day period, 2009 new vehicle sales peaked and, for the first time in a long time, the industry experienced the first signs of recovery. Aside from the potential environmental benefits associated with the program, the major purpose was to create jobs in the devastated automotive sector of the U.S. economy.
The Economic and Environmental Impacts of a Corporate Fleet Vehicle Purchase Program
The global recession and climate change have placed a premium on policies and practices that can create jobs while also addressing environmental challenges. In the United States, the business community has an opportunity to lead the way by shifting corporate vehicle fleets from reliance on the standard internal combustion engine to more fuel-efficient technologies and alternative fuels. On a large scale, such a move could substantially reduce carbon emissions by reducing the use of fossil fuels and supporting thousands of new jobs. As discussed later in this paper, if half of U.S. corporate fleets embraced alternative fuels, the potential annual reduction of carbon fuels could be the same as removing 1.2 million gasoline-powered vehicles from U.S. roads. The number of jobs created or preserved to produce the alternative vehicles could total 20,000