Additionally, incentives around electric vehicles will likely drive demand for the vehicles as they increase in popularity around the world. - Photo via Depositphotos.

Additionally, incentives around electric vehicles will likely drive demand for the vehicles as they increase in popularity around the world.

Photo via Depositphotos.

The incoming Biden Administration will likely lead to an increase of environmental regulations, infrastructure funding and economic stimulus, according to Cox Automotive.

"Environmental executive actions will still go forward and the ongoing lawsuits and battles with the California Air Resources Board will likely be dropped," a new Cox blog says. "That’s a positive for manufacturers, who are looking for direction on fuel economy and are supportive of a national standard."

Additionally, incentives around electric vehicles will likely drive demand for them in the U.S.

To read the full report, click here.

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