Part 5/10:
Adding complexity to the situation, government mandates have emerged as another thorn in the side of automotive manufacturers. An ambitious zero-emission vehicle mandate established by the government promises heavy penalties for companies failing to meet required EV sales targets. Industry leaders, including BMW, have voiced concerns that these mandates may be out of touch with consumer demand. There seems to be a consensus that simply imposing regulations won’t cultivate consumer confidence or eagerness to buy electric vehicles.