In the midst of rapid and ongoing change, from the global supply chain to the domestic workforce, federal legislation in the United States is having a significant impact on those in the transportation industry. Here, we’re taking a look at three recent legislative acts and sharing what they might mean for shippers, carriers, dealerships, and other transport operations like yours—and how auto transport software can help keep your business on track—in 2023 and beyond.
Supply Chain: CHIPS Act
If you’ve been paying even a little bit of attention to the auto industry, you know that one of the biggest challenges it’s faced in the last couple of years is the shortage of semiconductor chips. These chips are an essential component in the production of new vehicles, used in powertrain, steering, braking and airbag systems—and more. But with production challenges (not to mention the ongoing global shipping delays and other supply chain headaches as well), millions of brand-new cars have been held up.
With the CHIPS (Creating Helpful Incentives to Produce Semiconductors) and Science Act signed into law by President Biden in August 2022, the United States is committing nearly $53 billion to processor manufacturing over the next five years. The funding will support the manufacturing of chips through upgrading existing chip fabrication facilities and building new ones. Expanding manufacturing capabilities domestically will help ensure we don’t face another critical shortage.
Using auto transport software to tighten up your administrative processes can help you reduce delays and improve your efficiency so you’re ready to ramp up your operations right alongside chip production.
Energy: Inflation Reduction Act
Across the country, people are feeling the pinch of inflation as the cost of everything from toilet paper and bananas to appliances, computers and cars seems to be on the rise. Likewise, energy costs (and demand) are growing, and many are looking to reduce their usage, invest in more efficient vehicles and cut their energy bills.
In August, Biden signed the Inflation Reduction Act of 2022, which is meant to—among other things—reduce the federal deficit and invest in domestic energy production. The $750 billion legislation includes $370 billion in investments related to climate change and clean energy initiatives, including new tax incentives for buyers of new electric vehicles (or EVs) assembled in North America and a tax credit for the purchase of used EVs. The provisions are expected to make EVs more affordable for more Americans and to make the EV market more stable and secure in the long term.
Roads: Infrastructure and Jobs Act
The country’s economy relies, in part, on the vast network of interstates and highways that keeps vehicles on the road, materials on the move and inventory on the way to its final destination. But a lack of investment in these roads has meant safety hazards as they fall into disrepair, disconnection between communities and untold inefficiencies as longer routes and increased emissions are required to get drivers (and their cargo) where they need to go.
In November 2021, Biden signed the Infrastructure Investment and Jobs Act, which provides approximately $550 billion over five years to invest in federal infrastructure projects including the repair of roads and bridges, improvements to both coastal and inland ports and the promotion of access to EVs. Since then, the Federal Highway Administration, Federal Motor Carrier Safety Association, National Highway Traffic Safety Administration and other federal departments have been working to implement the new programs and to bring improvements to the country’s roadways.
Investing in auto transport software can help you keep a close eye on your loads, avoid delays on the road and keep your customers up to date in real time with ease.
Check Out Super Dispatch
At Super Dispatch, our team is committed to helping you keep your inventory moving and your operations thriving—no matter what else is going on in the world. Our auto transport software is designed specifically with the automotive industry in mind to help you improve efficiency, reduce errors and boost your bottom line. Our auto transport app, transportation management system (TMS) platform, advanced load board, and other digital solutions can help you minimize frustrations and maximize growth.
Ready to see how Super Dispatch can help you move car parts faster, smarter, and easier? We’re ready to help! Sign up for your free trial to get started today.
