As you probably know, both the House and Senate have passed tax reform bills. Whether the two bills will be able to be harmonized and passed into law remains to be seen. Both bills include changes that will have a significant impact on a public company’s ability to deduct compensation paid to top executives in years 2018 and beyond, as described below.
Those racing to fill the streets with driverless and shared vehicles are weighing their competitive pursuits and market moves against the new regulations and industry standards coming down the pike.
With the release of the new Tesla semi-truck in November, the public’s attention was captured with the idea of emission-free movement of freight. In the United States, over 70% of freight is carried at some point by truck, and the potential transition from diesel to electric could have a dramatic impact on emissions. However, recent developments have broadened the focus of electric transportation of goods from just trucking to other modes of transport, including ships and airplanes.
Over the past few weeks Uber, Waymo, and General Motors have solidified their commitments to the next-generation of transit, one that involves their autonomous vehicles and services moving people around the city with near effortless ease. While Uber announced the plan purchase of 24,000 Volvo SUVs for the self-driving fleets, GM set a target of 2019 for the launch of a self-driving ride-sharing fleet built on their Chevy Bolt EV platform. Meanwhile, Alphabet’s Waymo subsidiary has announced their intent to launch a fully-autonomous, Uber-like ride hailing service on Arizona streets in early 2018.
If it seems like déjà vu, it’s not just you: SUVs are again leading the charge on new vehicle sales. Buoyed by low gas prices and growing millennial families, SUV sales have increased by 6 percent from 2016 to 2017 (through October)—even though the overall car market has declined by 2 percent during the same timeframe.