Although the U.S. is not technically subject to the regulations, domestic automakers and suppliers must adopt them to do business in most of Europe starting July 2024. It doesn’t make financial sense for the companies to produce vehicles with different standards, so they are likely to adopt the regulations across their product lineup, experts told Automotive News. Companies in China will likely do the same.
Argus surveyed 200 senior executives, including 100 from companies making fewer than 10,000 vehicles annually and 100 at automotive suppliers with up to 25,000 employees.
The executives who reside in the U.S., Canada, Western Europe, United Kingdom, Turkey, Japan and Korea work directly or indirectly in cybersecurity, security, safety, compliance, regulation, engineering, homologation, quality and testing.
Argus surveyed small electric vehicle automakers because their architecture is more heavily software based compared with the internal combustion engine models from the legacy brands, Rachel Pekin, Argus’ vice president for marketing and strategic alliances, told Automotive News.