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Building a Sustainable Organization: Critical Analysis of the Electric Vehicle Industry

   

Added on  2023-06-12

13 Pages2577 Words481 Views
Building a
sustainable
organization

Contents
INTRODUCTION....................................................................................................................3
MAIN BODY............................................................................................................................3
PART A.................................................................................................................................3
PART B..................................................................................................................................8
CONCLUSION.........................................................................................................................9
REFERENCES.......................................................................................................................11

INTRODUCTION
In the modern day business landscape, simply going about doing the routine business
activities and only concerning themselves with the sole goal of earning money and staying
profitable is no longer enough for corporates to stay ahead of the curve as there is great
emphasis played on CSR and sustainability to ensure the natural resources and the
environment are not harmed (Hedstrom, 2018). Many companies are running customized
solutions and campaigns to go green while there are many firms being setup which are
coming up with new and innovative new machine solutions to make the world a better and
more clean place.
A great example of such solutions are the electric vehicles industry which build and
design locomotives powered through sunlight and solar energy and this report will be based
on the critical analysis of this industry to determine the extent of sustainability of these
vehicles and their viability in fighting environmental degradation.
MAIN BODY
PART A
Detailed research of the electric vehicle industry
The shift on sustainability has become evident in the recent years as many companies
in the UK have come out not that are not only building electric vehicles but also fully fledged
startups have popped up which are pumping out innovative and efficient support structures
for them. Some prominent examples of this promising development is the RES EV which
work on custom EV charger installations, TESLA UK which is the market leader of this
market segment with both range of premium cars and stations which has made the UK EV

industry quite prominent and lucrative in these latest years with a promising future outlook
(Specialist EV Charger Installation, 2022).
Another major reason as to why electric vehicles have come to the forefront in the
fight against climate change and the movement for protection of environmental and
atmospheric interests is that emissions and footprints left by modern transportation of all
kinds is a major contributor to the sorry state of natural surrounding that people all over the
world see around themselves. As the sentiment towards going green caught mainstream
attention and led to governments and nations to mobilize in major meetings such as the Paris
agreement, the need to drive around and travel using eco-friendly means became the need of
the hour in countries like UK and the EV industry has not looked back since. A major
evidence of the current prominence of EV’s can be judged from latest industrial data which
states that for the year 2021, overall car production in the UK slumped by a 6.7% margin
which is a disappointing scenario overall but the shift towards electric vehicles was huge as
they comprised a 26.1% of the entire cars made in the country which is a major direction
giver to the whole industry going low carbon or eventually carbon neutral in its operations
(EV car manufacturing jumps in the UK but overall production sinks to 65-year low, 2022).
A close look at the industry and research on its current prevailing conditions also
helps in highlighting exactly how electric cars gained such increased prominence in a limited
time frame to an extent where they are considered one of humanity’s greatest assets in
combating the damage done to the environment. Some reasons as to why EV’s have gained a
strong foothold worldwide has been listed herein.

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