Business Opportunities in Electric Vehicle Industry

Electric Vehicle Industry

Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY..................................................................................................................................1
a). Identification of new and emerging business opportunities associated with production and
marketing of electric cars.............................................................................................................1
b). Identification and critical assessment of other businesses that may not be able to earn long
term profit due to carrying investment in electric cars................................................................4
CONCLUSION................................................................................................................................5
REFERENCES................................................................................................................................7

INTRODUCTION
Automotive industry includes the all organisations and companies that indulge in the activities of
designing, development, manufacturing, marketing and selling of various type of motor vehicles.
In terms of revenue, this sector is considered as world’s largest economic contributor. There is
huge impact is ascertained by this sector from the changes in internal and external business
operating factors. Technology played the main role in the evolvement of motor vehicles within
the market where electric cars are in trend and demanded most by consumers at global level. All
these factors and their influencing power guides the business operations towards acceptance of
new changes so they can persist within market with sustainability. The one who failed to adopt
has to face long term negative impact in terms of reduced profitability and earning capacity
(Rong and et al., 2017). The organisation selected for carrying research and further analysis on
the concept of electrification of vehicles is Volo Cars. It is large Automotive manufacturing
organisation that provides their business offerings in all over the world. This organisation already
has the clear vision about the development of electric vehicles from the year 2019. The main aim
of this report is about identification of business opportunities associated with the production and
marketing of electric cars.
The aspects cover in this report includes determination of new and emerging business
opportunities for entrepreneurs and business and executives while producing and marketing
electric cars and assessment of the impact may be or not upon the long term profitability of
current market players due to adoption of electrification technique of production.
MAIN BODY
a). Identification of new and emerging business opportunities associated with production and
marketing of electric cars
Automobile industry is large in nature and provide wide scope to all the players present in
market to gain sufficient amount of returns. There are number of functions falls under the
functioning of this industry includes engine development, body work and overall development or
assembling of vehicle. The working in this industry demands flexibility from the organisations to
sustain within market. Technology is the main factor that played major role in evolvement of this
industry along with developing many emerging trends like electrification of cars. There are many
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