What strategies can leaders use to navigate regulatory challenges in the EV industry?
Regulatory compliance is vital for the EV industry. Leaders can navigate these challenges by:
Staying informed about changing regulations and policy developments in key markets. Engaging with regulatory bodies and industry associations to influence policy formulation. Building a dedicated compliance team to ensure adherence to regulations and standards. Adopting a proactive approach to compliance by implementing robust processes and systems. Fostering relationships with key stakeholders to facilitate smoother regulatory approvals.