WASHINGTON, D.C. – The Motor & Equipment Manufacturers Association (MEMA) sent a letter this week to all members of the U.S. House of Representatives urging passage of H.R. 3246, the Advanced Vehicle Technology Act. The legislation, introduced by Rep. Gary Peters (D-Mich.), authorizes and funds Department of Energy (DOE) programs that examine technology solutions to increase a vehicle’s fuel efficiency, reduce its emissions and improve its safety.
“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.”
Association Urges House to Pass Advanced Vehicle Technology Bill
September 17, 2009