Abstract. This scientific article examines the integral role of government policy and regulatory mechanisms in stimulating sustainable development within the automotive industry. Tracing the historical trajectory of government involvement, the study scrutinizes the evolution of policies aimed at balancing economic growth with environmental, social and economic sustainability goals. The article assesses the success of various policy frameworks, offering insights into strategies that have positively impacted sustainable practices in the automotive sector.
In addition, the study delves into the intricacies of implementing sustainable development policies, exploring the potential challenges and conflicts associated with striking a balance between environmental preservation, economic growth, and social justice. For this, the automotive industry must work hard for sustainable development, and government policies and regulatory frameworks must adapt to achieve these goals. And the very unevenness of the growth of the automotive sector, taking into account state incentives, can be used to build a system of promoting the achievement of sustainable development goals and mitigating the environmental footprint of industry. Regulatory mechanisms should include enforcement strategies, monitoring systems and joint initiatives, with the aim of verifying and evaluating their effectiveness in aligning industry innovation practices with sustainable development goals.
In conclusion, the article emphasizes the need for the active participation of the government in directing the automotive industry to the path of sustainable development. It advocates for collaborative and adaptive policies that encourage innovation, encourage environmentally conscious practices and ensure the long-term viability of the automotive sector. By understanding the specific nuances of the causal relationship between government policy and sustainable automotive development, this study contributes to the discourse around a sustainable and responsible industry that meets both current and future societal needs.
Keywords: state policy, sustainable development, automobile industry, economic growth, social justice, social responsibility of business.
