Electric Vehicle Industry PESTLE and Porters 5 Forces

Electric Vehicle
Industry PESTLE and
Porters 5 Forces

TABLE OF CONTENT
INTRODUCTION.......................................................................................................................................3
TASK 1.......................................................................................................................................................4
Porters 5 forces model.............................................................................................................................4
TASK 2.......................................................................................................................................................7
Pestle analysis:........................................................................................................................................7
CONCLUSION...........................................................................................................................................9
REFERENCES..........................................................................................................................................10

INTRODUCTION
Electric cars industry has been recognized as one of the most advanced, competitive
industry of automobile production where the world has recognized the various benefits
customers can gain from using electric cars. The report explains major forces in shaping business
environment of care manufacturing in recent dynamic business world, assessment of
organizations and the drive which attract customers to vitally reach out to the usage. Volvo cars
is the premium manufacturing company whose business goals are highly integrated with
technology elements, and the high quality standards which are focused . The report explains
external and internal business tools which enable long term goals establishment by company for
high goodwill, strong leverage of brand legacy (Holmberg and Erdemir, 2019).
TASK 1
Global business environment is going through rapid commercialization and innovation
integration through various business models and latest research breakthrough which has enabled
companies to bring high quality outputs. The various forces which have shaped business
environment of care manufacturing companies can be analyzed on ground of functional
knowledge, large expansion and diversification into all corners of world which enable companies
to leverage high production standards. Manufacturing within automobile industry has gone
through various parameters of change with high increase of electric cars due to raising carbon
footprints and various, driving benefits which encourage users all around world. Global
competitive force imposes company to be efficient and strong within internal structure of Volvo
Company where internationalization have been major strategy to present strong place in industry.
Internal potentialities within technology , high skilled employees to produce cost effective
outputs are highly important arenas on which Volvo can built high market share goodwill, high
production standards and the quest to reach large leveraged profitability revenues (Huang, 2019).
Porters 5 forces model
The various forces of competitive growth on which Volvo cars company needs to
strategically think for gaining high optimistic potential customer segments and reach global
business expansion can be understood by Porters 5 forces model