PESTLE Analysis of Electric Vehicles

PESTLE Analysis of Electric
Vehicles

Table of Contents
PESTLE Analysis of Electric Vehicles...........................................................................................1
INTRODUCTION...........................................................................................................................3
MAIN BODY..................................................................................................................................3
PESTLE Analysis........................................................................................................................3
CONCLUSION................................................................................................................................5
REFERENCES................................................................................................................................6

INTRODUCTION
PESTLE analysis is a framework that helps in analysing macro environmental factors of
business. This report will discuss PESTLE factors in relation with electric vehicles.
MAIN BODY
PESTLE Analysis
Political
Increasing regulations of the government for the reduction in carbon emission is biggest
favourable aspect for the car (Policy, 2016).
Government which get their revenue from petrol and diesel might not adopt electric car as this
affect their revenue (Jobs, tax and politics: three ways electric vehicles will change our world,
2020).
Government offering tax credit for buying electric cars is also a benefit to the electric cars and
this way this factor provides opportunity for the growth of electric car market.
Economic
Economic factors of electric cars includes that this is cost friendly, maintenance of electric cars is
less costly than other cars. This is because moving parts in electric cars are less than petrol/diesel
cars and this makes the cars cheap to maintain (Rastogi and Trivedi, 2016). This is most
important factor to affect electric cars in economic factor.
Though these cars are costly to buy but governments grants are availed to customers who are
buying these cars these cars which make it easy to buy for customers.
Later stable economic policies can help companies to sell and customers to buy such cars. As
this will be difficult for customers to buy such cars if they cannot take advantage government
grants and this is possible on stable economic policies.
Social