How Future Regulations are Impacting Markets Today

While most industries are typically resilient to changes in government regulations, that isn’t always necessarily the case. If you’re running your own small business, you might concerned about how government regulations could affect you, or perhaps you simply having a passing interest in what effect certain government actions might have on key industries in your area. Regardless of your reasoning, this guide is here to help, as it outlines some of the many ways in which future regulations are already having an impact on today’s marketplace.

Changes in Paint Requirements

It might sound strange, but there are actually some restrictions on what types of chemical compounds can be found in automobile paints. For instance, some versions of chrome paint contain a specific chemical compound that can potentially be toxic, and it’s for this reason that future vehicles will be banned from having the compound. To circumvent this though, some companies have begun to coat their cars in a new type of paint called superchrome, which contains many of the same properties, but has had the toxic element removed. If you like to have your car stylized in a certain way, then you’ll likely want to look for something that contains the non-toxic element of this paint.

Electric Cars

As it stands, electric cars are growing considerably in popularity, but it’s unclear for how long that will be the case. The cars designed by companies like Tesla are certainly popular, but they’re also quite expensive. This price controversy includes a considerable amount of help that these manufacturers get from the United States government, and it’s unclear how effective they’ll be in the future if that extra funding is pulled. For businesses that are built on using government funding, it will be interesting to see how they respond in the future if their subsidies disappear.

While there are many reasons for the government to take the actions it does, it’s still interesting to see what unintended consequences these regulations can sometimes bring about. Whether it’s helping an industry to innovate for the health of its citizens, or a manufacturer needing to rethink their design process, the government can have a direct impact on many different industries through its legislative actions. Of course, by following this guide and staying up to date on similar regulations, you can prepare your business ahead of time and ensure that it’s protected from future issues.