With the rapid adoption of electric vehicles and supply chain automation, the automotive manufacturing industry has changed drastically. Automotive suppliers and distributors must rethink their business models and implement technology advancements to thrive in this new market. Offering emissions and reduced fuel economy, many electric vehicle manufacturers are on the path to global growth – with sales forecasted to substantially over the next few years.
Withum’s industry experts are ahead of the curve to position your company to remain competitive amongst the current and future challenges you may face. For needs such as financial reporting and preparation for going public, to hybrid tax credit rewards and automotive consulting, we will serve as your trusted advisor to the last mile.
Who We Help
- Commercial Auto Manufacturers and Suppliers
- Battery Component Companies
- Technology Systems
- Luxury Vehicles
How Supply Chains Are Changing the Automotive Industry
The global supply chain is an ever-evolving system that impacts businesses and industries worldwide, including the automotive sector. As parts and components must be regularly and reliably sourced, the supply […]
Revving Up for Change: How Automotive Suppliers Can Maximize Opportunities in the Growing Electric Vehicle Market
Over the last decade, electric vehicles (EVs) have revolutionized the automotive industry. Not only are EVs gaining in popularity, but they also offer many opportunities. As EVs continue to gain […]
Steps To Prepare for the 2022 R&E Capitalization Requirement
A new and significant deduction limitation for research and experimental (R&E) expenses takes effect in 2022. The ability to expense R&E spending, coupled with the research and development (R&D) tax […]
Automotive Manufacturing Industry Accounting and Advisory Services
For more information or to discuss your business needs, contact Withum’s Automotive Manufacturing Services Team.