Skip to main content

Electric vehicles

 1. Introduction

Electric vehicles are considered to be the future as they would help in reducing pollution. Fuel-based vehicles consume excessive petrol and diesel which are harmful to nature. Vehicles that are driven based on these substances release carbon dioxide, carbon monoxide, sulphur-di-oxide and other harmful gases. These cause severe damage to nature by polluting the air and people's health is also affected. While starting to use electric vehicles, these issues can be mitigated. However, the technologies required to create electric vehicles are expensive, therefore, production costs will be high.

2. Critical Evaluation and the Positive as Well As Negative Impacts of the Electronic Vehicles Being the Future

Electric vehicle sales are increasing steadily on a global scale, with a compound annual growth rate (CAGR) of 21.7%. By 2030, it is anticipated to increase from 8.1 million units to 39.21 million units. Numerous factors, such as worries about pollution, are driving this exponential development. Governments throughout the world are supporting the EV industry with regulations and subsidies, and customers are demanding low-emission commuting over the fossil fuel-powered vehicles that are destroying the environment (Márquez-Fernández et al., 2021). The industry did not take off when the first EVs were produced because of their extremely high starting cost, short battery life, low speed, and few environmental concerns. However, over the past ten years, there has been widespread interest among original equipment manufacturers (OEMs), consumers, and governments. As a result, significant investments have been made in EV manufacturing and battery technology, resulting in the sale of millions of vehicles across the globe. Tesla is one of the most prominent EV brands in the world, but other brands like Mercedes, Toyota, Tata, BYD, and Hyundai have also introduced EVs that are in high demand from customers in various areas.

Any vehicle's operating and maintenance costs make up a sizable portion of the overall cost of ownership. It is now widely known that EV purchasers spend significantly less on energy and maintenance because EVs have fewer dynamic parts than ICE engines, which makes them simpler to operate. Additionally, the entire world is facing global warming and severe climate change, which is escalating global problems and political unrest. By converting to electric cars,  which have no particulate emissions and will eventually benefit and preserve our ecosystem from pollution and global warming, car customers are keen to do their part for the environment. Furthermore, due to the lack of gears in electric vehicles, optimum driving conditions and simple controls are guaranteed. To control and enjoy a quiet, simple, secure, and noise-free ride, just accelerate, brake, and steer (Nurdiawati and Agrawal, 2022). Another bonus of driving an electric vehicle is less noise. Instead of using fossil fuels like gasoline or diesel to power their batteries, electric vehicles rely on electricity. It will be simpler for consumers to charge the batteries at a nearby station rather than stand in line at the CNG stations or gasoline pumps as even more EV battery chargers are now emerging.

Over time, EV cars are cleaner than fossil fuel-powered cars. However, the bigger picture shows that the ecosystem is influenced by more than just the pollutants that cars release. 5% to 10% of a vehicle's lifetime CO2 emissions are attributable to CO2 emissions from the automotive manufacturing process and now there are also issues with electric cars (Grzesiak and Sulich, 2022). Electric vehicles rank first on the list of things that damage the environment due to their batteries. However, it should be noted that Tesla has at least made an effort to either increase the lifespan or possibly recycle its lithium-ion batteries. However, this is not where the issue ends. Once the vehicle is in motion, it will need a power source to keep it going, and fossil fuels continue to be a more dependable alternative than electric vehicles (Sobol and Dyjakon, 2020). Thus, from the discussion above, it can be deduced that the possible full transition to EV cars is doubtful.

3. Conclusion

As per the above analysis, it can be concluded that electronic vehicles in the future will lead to an increase in the rate of vehicles in the marketplace and people may not be able to purchase such expensive things. Organizations manufacturing electric vehicles may face demand issues and the targeted market will be squished to a reduced rate. This can affect organizational profitability and growth to a great extent. These are some negative and positive aspects of starting to use electric vehicles in future. Hence, it can be considered to be both beneficiaries as well as harmful for the future of human beings.

Comments

Post a Comment

Popular posts from this blog

Boeing 787 Project

 Introduction Boeing 787 is a project they flew their flight on October 26 2011, they flew their first commercial flight.  This flight has run between Tokyo to Hongkong. This flight was special, flight and they had decided to market their flight with the tagline “the Dreamliner”. The flight was a special, flight and they have offered passengers 20% fuel efficiency and more open space in the cabin. This flight has run for over 7 years, and the company had spent more money than they have estimated. The flight has much more facilities in comparison o all flights. So this flight has set a new bar for aircraft design and development. As this 787 flight was made by Boeing and they have spent more than 7 years in their flight making. Boeing has put a huge amount of effort into their flight making and they faced different stages of failure then the project got back on track and delved their promise to the people (Boeing, 2022, ).  The project was started in 2003 and the name...
Post a Comment
Read more

Brand Communication and Reputation Management

 As per the comment of TWAHA (2022), the company has constantly fine-tuned its techniques and maintained the creative spirit to anticipate and guide evolution in the “global digital landscape”. The goal of this company is to enhance the market share, enhance the revenue and lastly enhance the down cost. The vision of this company is to “improve the lives of customers” and “establish an obsession to win customers for life”. As per the comment of Dubal (2022),  apart from that the mentioned company also provides their customer with various services while maintaining and keeping high-quality consumers across businesses and homes. On the other hand, the vision of the pamper company is to “serve families and their little ones”.  Pampers is considered one of the most valuable companies in the world for ensuring the baby’s safety and health. As per the comment of Medina Aguerrebere et al. (2022), the brand has been able to create a memorable marketplace providing affordabl...
Post a Comment
Read more

ADVANCED BIOMEDICAL DEVICES: ASSESSING READINESS TO EXPORT

 Introduction Advanced Biomedical Devices is a medical device developed by British surgeon Dr. Richard Bentley. This particular device helps in rapid wound healing processes and is known to be a revolution in the field of Medical Science.  This particular article focuses on the relevant aspects that are needed for the export of particular devices. The article is known to have provided effective information about the innovation and technology that has been used to develop the particular device that is of exceptional use in the field of medical science.  The article focuses on effective strategies that management has to undertake in order to expand in the international markets. The entire article focuses on several strategies that are needed for business expansion in the international market and inherently documents the effective barriers and problems that it will face while launching such new products in the industry.  The article discusses effective management...
Post a Comment
Read more