Speaking of mobility innovation like the Olli from Local Motors, there was a big announcement last week at the Consumer Electronics Show in Las Vegas.
Global Automakers and The Alliance of Automobile Manufacturers announced the formation of a new association leveraging the expansive history of both organizations while creating a single, unified industry voice. The Alliance for Automotive Innovation, representing innovative manufacturers and value chain partners who together produce nearly 99 percent of all light-duty vehicles sold in the U.S., will work to speed the safe deployment of advances in personal transportation through effective public policy, stakeholder engagement and greater public understanding.
How big is innovation in the sector? Automakers spent more than $125 billion on R&D in 2018 alone, and firms in the industry are granted nearly 5,000 patents each year.