Opportunities and Mega Trends in the Electric Vehicle Industry

PJ1 Business
Opportunity Report

Table of Contents
INTRODUCTION...........................................................................................................................1
Background of the Industry.............................................................................................................1
Influences of Mega & Emerging Trends among Electric Vehicle Sector.......................................1
Digital technology..................................................................................................................1
Entrepreneurship rising..........................................................................................................2
Urban world............................................................................................................................3
Resourceful planet..................................................................................................................3
Opportunities for Entrepreneurial Business.....................................................................................4
Automatic Drive.....................................................................................................................4
Proposals for Electric Vehicle Industry...........................................................................................4
CONCLUSION................................................................................................................................4
REFERENCES................................................................................................................................5

INTRODUCTION
In the present changing world, external environment is changing on a continuous basis
which affects the overall business performance. External environment consists of different
elements which includes political, social, economic as well as society which highly affect the
overall development of different types of business opportunities. It has been identified that the
electric vehicle sector across the whole wide world has been emerged as one of the most
attractive prospect for large number of people (Taylor, 2019) . By each passing time, it has been
observed that traditional production of vehicle come to an end. It is an industry which is facing
massive changes from last few years which owed to emergence of some mega trends. This is the
report, mainly explores different types of mega trends which has been taken place among electric
vehicle industry & the influence over them. Apart from this, it includes the opportunity based on
the mega trends among chosen industry. At last, some proposal for fresh and new goods,
products and services for vehicle industry are going to be discussed.
Background of the Industry
It has been identified that the emergence of some electric vehicle sector has owe to the
19th century but actually it got the appearances in 21st century. This is the sector which actually
faced rapid evolution, after the developments and improvements take place in the confines of
technologies, renewable energy & so on. In such context, there are mainly 2 main factors of
corporate industry which is power management and infrastructural construction. Apart from this,
it has also been identified that the size of the market has been increased every year receivable to
occurrence of mega trends. At the end of year 2023, it has been forecasted that the industry will
be developed just like traditional vehicle industrial segment. In context of electric automobiles
production firms own ample number of growth opportunities by following mega trends & gain
success. In this reference, it is essential for the sector to consider the influence of such mega
trends on the vehicle industry (Ali and et. al., 2018).
Influences of Mega & Emerging Trends among Electric Vehicle Sector
Digital technology
It has been examined that the 21st century is well known as the era of Information
technology, therefore, it can easily be said that the future is going to be highly digital and
advanced. Each and every little thing in future is going to be accessed with the help of internet &
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