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“This legislation is particularly important for suppliers,” says Bob McKenna, MEMA’s president and chief executive officer. “Through these programs, suppliers who partner with DOE will be able to leverage the federal research funding into components and systems that will be necessary for future cutting edge vehicles.”
The letter stated that suppliers currently account for 30% of total automotive investment in research and development and continue to take on a greater role in the design, testing, and engineering of new vehicle parts and systems. The letter also stated that according to a recent study, suppliers account for as much as 70% of the value-added in the manufacture of motor vehicles.
“The investments made by this legislation will help a wide range of suppliers who are already working on advances for safer and more fuel efficient vehicles,” McKenna continues. “Our members strongly support this bill, and we urge members of Congress to support it as well.”