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(PDF) Macro environmental analysis of the electric vehicle

Added on - 02 Jan 2021

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PESTLE analysis-wireless charger for electric vehicle
Table of ContentsPESTLE Analysis -.....................................................................................................................3REFERENCES................................................................................................................................5
PESTLE Analysis -Electric vehicle wireless charging is one of the efficient easy to use and convenient ofpeople to charge their vehicle. It is the most powerful features that males the electric vehiclemore efficient and convenient without any need of adaptors.Pestle analysis is a type of framework and tool that help for marketers to analyse themonitor the micro environmental factors that have an impact on the electric vehicle wirelesscharging.Political-The worldwide auto mobile companies are increasing their business all over the world. It is anessential part of economy to increase the revenue and also influences by different factors. Manyindustries have been forced to use more pollution control system and trying to produce theelectric vehicle (Ramachandra, Halahali and Anantha, 2016). It also uses the wireless chargingfor increasing the efficiency for electric vehicles because this is beneficial due to less expensivethan the fuels. Wireless charging helps for reducing the pollution rate in global world.Economical-The Economic factor is the most significant role playing in the auto mobile industry. It isimportant for economic conditions the sales of electric vehicle is high and many people prefersto use the wireless electric charging. It is less expensive because electricity can be obtain indifferent ways such as biomass, fossil and fuels etc. these are the sources of increasing therevenue in marketplace.SocialCurrently, many people are aware about the environmental condition and eco friendly that why,they can use electric vehicle wireless charging that influence by the social culture. In this way,brands are establishing the strong competitors in the market share. Consumers can adopt newstyle and culture.TechnologicalThe automotive industry are mainly used the innovative technology for increasing the demand inmarketplace. Many firms are investing lot of money for research and development. Wirelesscharging is also innovation for increasing the demand because it will be more efficient andconvenient for people to use them in properly. People can charge their vehicle at any place andanywhere.
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