This research study focuses on the increasing popularity of electric vehicles in United Kingdom. It discusses the reasons behind the growing demand, including eco-friendliness and affordability. The study also evaluates the impact of electric vehicles on the automobile industry.
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Contents INTRODUCTION...........................................................................................................................1 Aims.............................................................................................................................................1 Objectives....................................................................................................................................1 Research questions.......................................................................................................................1 Background..................................................................................................................................1 DISCRIPTION OF LITERATURE AND DATA...........................................................................1 METHODOLOGY..........................................................................................................................2 SUMMARY OF LITEARTURE AND DATA...............................................................................3 Evaluation of the sources.................................................................................................................4 REFERENCES................................................................................................................................6
PART A Slide 1 1
Slide 2 2
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Slide 3 The electric car market is growing quickly, with more than 164,100 pure-electric cars on UK roads at the end of September 2020. It has become the most preferable vehicle and first choice for the people living in UK. The registration rate for electric vehicles has been increased 127% in the last year. Present report will lay emphasis on the background of problem related to research topic. Assignment lay emphasis on summarising the literature and evaluating the relevance of literature sources. 3
Slide 4 So this issue will be covered in the present research. 4
Slide 5 The popularity has been increased because of the unique features which is been put in EV’s. The flexibility of users has been increased by making use of this type of vehicle. Britain has also announced the green car revolution strategy. In this the government has made sure that they provide adequate support to electric or hybrid vehicles. The mayor of London has thought of 100,000 vehicles in the street of London. By making use of the EV; s it has been analysed that the Europe has improved driving range. The government initiatives are also one the major reason because of which the popularity for EV’s has been increased. Most of the youngsters prefer to buy EV’s only. The government also provides grant up to £5,000 to make more and more electric vehicles. 5
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Slide 6 Like for example Tesla has released $25,000 car in the year 2020 which can be affordable by people in United Kingdom. The companies are being involved in analysing the preferences of consumers and then designing the Electric vehicles on basis of it. There are various segments of electric vehicles such as luxury, medium and normal that can be explored and purchased by consumers. EV’s are really close to be good enough as they provide value for the money that has been invested by consumers. The only thing which company manufacturing electric vehicles needs to focus on is the charging infrastructure that has way more to go. 6
Slide 7 The government is working on the infrastructure sector so that more and more electronic vehicles can be developed and prefer by consumers. It has also been analysed that the EV; s is being selected because of the reason that they produce less carbon dioxide and is more preferable. The parliament of UK has also taken the initiative to lower down the greenhouse effect, so their main emphasis is being laid on the electric and hybrid vehicles. The EV’s are also available at an affordable price. This is the main reason because of which liking for the electric vehicles is been increasing among UK population. It has assisted in increasing the sales of the electric vehicles in United Kingdom. Secondary sources were being used as the methodology for collecting the data included in the review of literature. It was also being analysed that the sources were been taken from relevant journals, books and website. The key issues which was been faced in reviewing of literature was time constraint. The time provided was limited for reviewing the sources. It was also being analysed that the access to limited data was limited. These were the key issues that was been faced in collecting based on analysing the popularity of EV. These issues have increased the timing for gathering relevant information. 7
Slide 8 It has also been analysed that the articles which are been selected for reviewing of the literature were also reliable. The data related to trends and patterns is been taken from websites with accurate information. No work taken from authors is imitated and only original work is selected for the present study to make it more relevant and authentic. 8
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Slide 10 PART B INTRODUCTION Aims The aim is to evaluate popularity of electric vehicles in United Kingdom Objectives •To analyse the concept of electric vehicles and discussion of their popularity •Trends and patterns followed by the automobile sector and especially electric vehicles •To evaluate the preferences of consumers in purchasing automobiles Research questions What is the concept of electric vehicles and discussion of their popularity? What are the Trends and patterns followed by the automobile sector and especially electric vehicles? What are the preferences of consumers in purchasing automobiles? 10
Background The electric car market is growing quickly, with more than 164,100 pure-electric cars on UK roads at the end of September 2020. The UK population is increasing liking for the electric vehicles. Main reason behind this is that these vehicle produces low carbon dioxide. There are also various advanced features and technology included in the electric vehicle which has increased the popularity level of EV’s. New technologies have been introduced in the automotive industry which has increased the experience of consumers and they are shifting towards purchasing of more and more these type of vehicles. The electric vehicles can be considered as the highest selling car in United Kingdom in past year. DISCRIPTION OF LITERATURE AND DATA According to the Straka and et.al., (2020), the concept of the electric vehicle is in the trend in market. People are so much aware about the benefits of the electric vehicles that they want to buy the electric auto mobile. There are a lot of brands who are launching their electric auto mobile due to the trend and the boom in the UK in electric vehicles. The change of taste and preferences in the market, it is increasing day by day that people in UK are more into the electric product. The popularity of the electric vehicle is increasing the auto mobile industry to make a lot of products into the electric segment. The increase of popularity is making a great impact on the overall business of the auto mobile industry in UK. This change is impacting in both the positive and negative for the people and the organizations working in UK. The Nicholas and Lutsey, (2020), suggest that the trend in the market is all about the awareness and to reduce the air pollution and to save the fuel. The electric vehicles trend is increasing so fast that there are different brands and organization who are making the product segment into the auto mobile which are supporting the electric. It is the change which people liking in the UK and the changes are providing the good impact as the pollution is reducing and the environment is getting better. It is making a great impact of change in the market of UK and the change of preferences of the people are making a great benefit for auto mobile industry. As per the view of Chen and et.al., (2020), the preferences are changing due to the change in trends in the market. There are people who used to drive the fuel cars, but they are shifting to the electric vehicles as it is supporting the environment and also providing the green impact on the environment. They are changing their drives and using the electric vehicles including the bikes, cycle, cars etc. it is a positive impact but on the other hand there are a lot of impact on the people 11
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as the products are costly from the normal auto mobile. The preferences is changing but it will still take time to make it as a majority in the country as it cost huge amount and it will take time for the people to adopt the change. METHODOLOGY For doing research it is essential to select relevant research methods by which it becomes easy to do study in effective way. Also, it provides a proper framework by which it becomes easy for scholar to systematically follow it. Thus, for current study as well a proper methodology is being followed. It is as below: Data collection method –Data must be collected in an appropriate way so that accurate results can be obtained. The overall research aim and objectives depend on how data is collected. The researcher has to gather precise data and information from various available resources.Data collection is a process in which information is used from other related sources to search answers of problems and examine the results. It can be divided into two parts: primary and secondary data. Secondary data means to gather data from previous article, journals, etc. to gain in depth insight of it. Thus, in present study secondary data is gathered through article, journals, books, etc. this will help in gaining in depth insight about popularity of electric vehicles in United Kingdom. Besides, it will enable in collecting of facts and figures that how many electric vehicles are used by people. So, relevant and accurate sources are collected to evaluate data in depth. Moreover, there are certain search engines which is used for it (Snyder, 2019). Search engines-there are many search engines used for data collection such as Google, Mozilla, yahoo, etc. Search terms-there are different terms which is used in doing secondary data. The terms used in it are electric vehicle, UK, automobile companies, cars, Tesla, etc. Inclusion-here, inclusion criteria which are followed in it article, journals, books, etc. related to electric vehicles, UK, automobile industry. Also, articles, journals, of technology and EV is being included in it. Here, only those article is included of last 5years (Mohajan, 2018). Exclusion-The article, journals, etc. of year below 2015 are excluded. Moreover, article related to automobile industry and other country is being excluded. Besides, articles related to attitude, behaviour, etc. of people is excluded as well. The inclusion and exclusion criteria has assisted in going to the research questions. It was really easy for making the research questions on basis of these criteria. 12
Key terms –There are several key terms that is being used in gathering of data. Thus, key terms are electric vehicle, popularity, UK, automobile industry, cars, trucks and tesla. SUMMARY OF LITEARTURE AND DATA The literature review has provided the details related to popularity of the electric vehicles is been increasing in United Kingdom. It has also been analysed that the reason of this is that EV’s are available at every price range. This is the reason because of which consumers are been involved in purchasing more and more electric vehicles. The main reason for purchasing of electric vehicle is that they are eco-friendly and less fuel is being required to maintain these type of vehicles. So many of the company are been engaged in manufacturing this type of vehicle in United Kingdom. The government is working on the infrastructure sector so that more and more electronic vehicles can be developed and prefer by consumers. It has also been analysed that the EV; s is being selected because of the reason that they produce less carbon dioxide and is more preferable. In United Kingdom the craze for electric vehicle is been increasing because it makes less noise pollution and also it has lower carbon foot print. It is totally going on with the initiatives which has been taken by government. The data related to the EV’s is saying that there will be a 7.6% by the year 2025 (Hill and et.al., 2019). This means that the popularity and craze is been increasing. It has also been analysed that the growth in sales of EV vehicle has assisted various automobile company in increasing their sales as well as revenue. From the previous fiscal year there has been an increase of about 5.4% in the purchasing of electric vehicles. Consumers are also attracted because of the reason that it is easily affordable and also makes sure that less fuel is consumed. This also lowers down the amount of pollution which has been created. It has also been analysed that the EV has started gaining the interest of automakers. They are trying to implement new technologies in it and also they are making sure that comfort level of users and consumers are raised up by making use of electric vehicles. It has also been evaluated that the company who are been engaged in making the electric vehicles has increased their profitability as well as revenue (Carmichael and et.al., 2021). The discovery of EV has changed the world as in UK there has been a less amount of carbon which is been carried out. It has also been analysed that this has also assisted them in making sure that green emission is been reduced down. The 13
consumer demand and interest are being driven by electric vehicles they are been able to go for better and easy ride. There are various Driving forces which has been increasing the sales of the electric vehicles. One of the driving factor is price. There are various ranges of the EV because of which so manty of the people in UK are interested in it. This has assisted the automakers of electric vehicles in increasing the profit and also because of this they have been able to lower down the carbon emission. It has also been analysed that most of the electric vehicle owners are been engaged in recharging the vehicle overnight at home. This is really convenient and easy for them. The government initiatives are also one the major reason because of which the popularity for EV’s has been increased. It has also been analysed that the popularity of EV is been increasing in United Kingdom because of the various features and trends. Evaluation of the sources Evaluation of the sources are relevant and reliable because the choices of the sources are reliable and valid as the authors are chosen with proper details and the authors are providing the exact information about the given topic. The books and journals which are used in the explanation are valid because they are from legal writers and certified writers. The reliability of the sources is high and the details they provided are unique and latest in the market which is providing a detailed information about the use of electric vehicles in the UK. The choices are latest and the authors are verified, the information are detailed and it has also provided the detailed information in the books, the use of electric vehicles and the choices and preferences or the change of preferences in the UK. The information are providing the actual details of the UK in the auto mobile industry and the changes the market is showing in the recent years are providing a detailed information. REFLECTION During the research I have learnt about various things. My seniors and my tutor was really supportive in making me understand the research topic. I was being able to analyse popularity of EV’s in United Kingdom. I have also learnt about various methods of data collection. The most used in our study was the secondary one. I have made sure that the data has been taken from relevant and authentic sites. I have also learnt about the various criteria such as inclusion and exclusion and how to make use of the key terms. In first I was really nervous, but my senior helped me in making sure that better and relevant terms are used for the study. I have also learnt 14
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about how carbon emission is been lowered by the use of electric vehicles. While carrying out the literature my critical thinking ability worked but as I was weak in researching, it did not work. I have learnt about how to do critical evaluation of relevant sources. This has helped me in achieving the objective related to research topic. I have also learnt about different type of data bases from which relevant and adequate data can be collected. This has helped me in completing my research on time. 15
REFERENCES Books and Journals Carmichael, R. and et.al., 2021. The Demand Response Technology Cluster: Accelerating UK residential consumer engagement with time-of-use tariffs, electric vehicles and smart meters via digital comparison tools.Renewable and Sustainable Energy Reviews,139, p.110701. Chakrabarti, A. and et.al., 2019. Optimisation and analysis of system integration between electric vehicles and UK decentralised energy schemes.Energy,176, pp.805-815. Chen and et.al., 2020. A review on electric vehicle charging infrastructure development in the uk.Journal of Modern Power Systems and Clean Energy,8(2), pp.193-205. Hill, G. and et.al., 2019. The role of electric vehicles in near-term mitigation pathways and achieving the UK’s carbon budget.Applied Energy,251, p.113111. Mohajan,H.K.,2018.Qualitativeresearchmethodologyinsocialsciencesandrelated subjects.Journal of Economic Development, Environment and People,7(1), pp.23-48. Nicholas, M. and Lutsey, N., 2020. Quantifying the electric vehicle charging infrastructure gap in the United Kingdom.Working Paper, (2020-18). Palmer, K. and et.al., 2018. Total cost of ownership and market share for hybrid and electric vehicles in the UK, US and Japan.Applied energy,209, pp.108-119. Raugei, M., Hutchinson, A. and Morrey, D., 2018. Can electric vehicles significantly reduce our dependence on non-renewable energy? Scenarios of compact vehicles in the UK as a case in point.Journal of Cleaner Production,201, pp.1043-1051. Snyder,H.,2019.Literaturereviewasaresearchmethodology:Anoverviewand guidelines.Journal of Business Research,104, pp.333-339. Straka and et.al., 2020. Predicting popularity of electric vehicle charging infrastructure in urban context.IEEE Access,8, pp.11315-11327. 16