Wednesday, May 6, 2020

The Automobile and the Economy Essay - 1021 Words

The Automobile and the Economy The effects the automobile has had on the economy of the world are tremendous. The major effects have came in many ways and include sales of the automobile, jobs provided to sell and manufacture the automobile, gas/oil sales to run the automobile, and the start of auto racing sport. The revolution of the automobile was the start of the most popular and successful industry in the world. The Effect of Gas/Oil There is a great effect on the economy due to the sale of gas. The major effect of how much gas is sold is how efficient the particular automobile uses gas and what automobile the people choose to buy. Since the start of production of the automobile fuel efficiency has†¦show more content†¦The current Fuel Economy Standards are as follows... ..................Model Year..................Passengercars M.P.G......... 1978 18.0 1979 19.0 1980 20.0 1981 22.0 1982 24.0 1983 26.0 1984 27.0 1985 and future 27.5 (http//www.cnie.org/nle/air-10.html#summ 4) The only problem with this chart is the lack of increase after 1985. This is due to several reasons especially the 90’s new kick with sport utilities vehicles which usually have a lower fuel efficiency. Americans are also behind the rest of the world in fuel efficiency as the following chart shows new car fleet fuel economy comparing federal standards, domestic fleet, import fleet, and the total fleet. (http//www.cnie.org/nle/air-10.html#summ 5) Some disagree that government regulations increase fuel efficiency. For example, Michael Sykuta’s report concluded that federal fuel regulations do not have a significant effect on miles per gallons in automobiles. ProductionShow MoreRelatedThe Economy Of The Automobile Industry1351 Words   |  6 PagesIn our economy today we face major issues dealing with manufacturing with how do we build or retain the capacity and competitive edge in the global market? Well manufactured is measured in a number of ways, such as statistics and analyses. These metrics range from the amount and type of goods produced, to a detailed breakdown of the people who contribute to this production, to the economic impact of both. But knowing the market is tough using lean manufacturing techniques as a tool any company canRead MoreEssay on Fuel Economy in American Automobiles1379 Words   |  6 PagesFuel efficiency in automobiles has become a topic of much discussion in recent years in the United States. This is due largely to the environmental devastation that fuel emissions cau se, but it is also sparked by the rising fuel costs. Making cars with high fuel efficiency not only saves consumers money, but also will drastically reduce the pollution that is caused by emissions. Today automakers are putting a tremendous amount of effort into making their cars more fuel efficient, both to meet governmentRead MoreA Brief Note On Economy And Environment Of The Automobile1935 Words   |  8 PagesThe Econonmental (Economy Environment) Analysis of the Automobile If someone were to ask you â€Å"when you step outside what are some of the things you see? your response 9.9 times out of 10 will likely mention a car which is normal in today’s world. As of the 20th century, automobiles have shaped the world from collectors’ items, to racing, and the most common: transportation. As some of the older generations may recall cars weren t always the norm. In fact according to ausbcomp (a website on history)Read MoreThe Automobile Industry Influenced The American Economy1012 Words   |  5 PagesIn 1769, the first automobile, a steam-powered carriage that would carry up to four people at two miles per hour, was created. Years pass as gasoline engines, wheels, and a steering device were added to the automobile, which began to make it useful but expensive (â€Å"The Invention of Automobiles†). They were hand-crafted at this time, therefore making it unaffordable. Until Henry Ford introduced the assembly line in 1913, automobiles rem ained expensive. His discovery of the assembly line turned theRead MoreIncreasing Economy With Growing Potential Automobiles Demand2006 Words   |  9 PagesThe continuously increasing economy with growing potential automobiles demand has made more attention be paid to China, while the other parts of the world seems to remain stagnant (Holweg et al., 2009). The Reportlinker website (2014) suggest that, two main reasons, growing replacement demand and rising affordability in lower-tier cities, might support the growing sales of auto vehicles in China. Luxury autos industry is expected to continue to contribute to economic growth in China. Middle classRead MoreImpact Of The Automobile Industry On The Economy Due The Industry s Cyclicality And The Multiplier Effect1549 Words   |  7 PagesThe automobile industry plays an outsized role in the economy due the industry’s cyclicality and the multiplier effect. For instance, a gearbox is purchased from a supplier that has to emplo y labor, purchase raw materials such as, copper, steel, wire, and other related components and services to support the activity. All of these parts are in turn purchased from other suppliers with costs to support their businesses. Therefore, as each supplier purchases components and services that they need, anRead MoreCalfee And CAFE Standards827 Words   |  4 PagesCAFE is an acronym for Corporate Average Fuel Economy. As stated in, â€Å"Will Corporate Average Fuel Economy Help,† CAFÉ standards became prevalent by Congress in 1975 after the oil crisis of the 1970’s. These standards were proposed in order to help the United States depend less on foreign oil (Sen et al. 2017, p. 279). The idea of CAFÉ standards does not only help us rely less on foreign oil, but it also reduces greenhouse gas emissions. Below general information about CAFÉ and the CAFÉ standardsRead MoreEconomic Overview In Auto Industry Essay1572 Words   |  7 Pagesmassive implica tions relating to the United States economy as well as affecting every American household. Shifts in the supply and demand of automobiles influence the current and future household purchases. Households must determine what amount of their hard-earned income to allocate to certain necessities. Because most households have a budget, the amount spent on transportation it limited. While most industries have an effect on the economy, the automotive industry has far-reaching implicationsRead MoreProtectionism Is An Extremely Debatable Topic Among International Trade Essay1747 Words   |  7 PagesHundreds of automobile companies exist today. Many companies are successful and are now well known brands around the world, while some have failed to keep a good reputation, lost all customers and have fallen and are now forgotten. This is the beauty of competition, an essential to economies. Millions of vehicles are in motion daily, in the United States. In 2015, about 7.8 million cars were purchased in America, and there are about 355 million registered cars on the road (â€Å"U.S.†). The automobile industryRead MoreImpact Of The Auto Industry On American Culture894 Words   |  4 PagesThe auto industry has been around long before I was born. Automobiles have become a necessity in American culture. â€Å"With the invention of the automobile and the mass production techniques of Henry Ford, which made the machine affordable, the American economy has been transformed by this key element in its prosperity.† (Davis, 2014) Being able to transport quickly from one destination to another is a great convenience. Almost every working family living in the United States owns at least one vehicle

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.