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Electric Vehicles Market and Environment

   

Added on  2020-10-22

10 Pages2172 Words61 Views
ECONOMICS

TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1MAIN BODY...................................................................................................................................1Changes in consumer supply with respond to price incentives..............................................1Demand for electric cars response to prices in various markets............................................1Electric Vehicle Market:.........................................................................................................2Market for Electric Vehicle Charging:...................................................................................4Market for Unleaded Fuel:.....................................................................................................5Equilibrium prices of electricity cars:....................................................................................6CONCLUSION................................................................................................................................7REFERENCES................................................................................................................................8

INTRODUCTIONSaving natural resources have become main priority in environment. Therefore, initiativehave been taken by car manufacturing industries in relation with producing electric vehicles. Itwill be an approach towards reducing costs as well as conserving natural resources, in respond tothis, present report will help in addressing current market scenario, obstacles relevant withmanufacturing and dealings in car market. The study will emphasis on demand and supply ofsuch electric vehicles in three markets such as Electric Vehicle Market, Market for ElectricVehicle Charging and Market for Unleaded Fuel. However, there will be analysis on EVtechniques implicated by government in these countries and their initiative to secureenvironmental health.MAIN BODYChanges in consumer supply with respond to price incentivesTo manufacture or produce an electric car, there might be issues and obstacles which havebeen faced by professionals in terms of analysing satisfactory wants of consumers. Along withthis, impacts of salaries and economic health of an individual also affect sales of commodities ina market. The consumption of an electric car will be choice of people who can easily afford it, asit will more expensive due to batteries used in it (Wolinetz and Axsen, 2017). Charging cars and maintains expenses are comparatively higher. Naturally, if a rise inprices of a commodity which will affect affordability and budgets of an individual and that willreflect a reduction in demands for such product. Moreover, producers are required to considersbudget constraints of a buyer which will benefit in designing a product that will fit intopurchasing power of people (Kiani, 2017). Therefore, cost efficiency of buyers is needed to beconsidered by professionals in terms of rising demand for electric cars in market.Demand for electric cars response to prices in various marketsTo analyse market reviews and operational efficiencies of organisation which are producingelectric cars. Thus, implication of various practices will help environment as well as bring costefficiencies to buyers.It has been approached by government, to secure air environment in metropolitan and localareas. Promotion of CARB-ZEV (California Zero-emission Vehicle) with aimed at reducing airpollution which are affecting such locations (Palencia and et.al., 2017). It included Lo Angeles1

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