The Impact of Electric Cars on the Global Market

The impact of electric
cars on the global
market

Table of Contents
TITLE: Impact of electric cars on the global market...................................................................................3
A) INTRODUCTION..................................................................................................................................3
B) THEORETICAL BACKGROUND AND RESEARCH FOCUS...........................................................3
Requirements of introducing electric cars in automobile industry...........................................................4
Several benefits that will be attained by Tesla by launching electric cars................................................5
Differentchallenges faced by Tesla while introducing electric cars at global market place.....................5
C) JUSTIFICATION & CONTEXTUALIZATION....................................................................................6
D) RESEARCH METHODOLOGIES........................................................................................................7
REFERENCES..............................................................................................................................................11
Books & Journals...................................................................................................................................11

TITLE: Impact of electric cars on the global market.
A) INTRODUCTION
In the present competitive environment, it is very essential for every organization to develop new
and innovative products so that they can maintain the level of competition and grab ample
number of opportunities available at the marketplace. Electric cars are one of the most innovative
product developed by various organisations in order to fulfil the requirements of customers.
Other automobile products requires fuel, diesel, petrol which are limited in nature therefore,
electric cars are launched by companies to reduce the negative impact of such resources
(Kapustin and Grushevenko, 2020). Tesla is chosen as the base company which is an American
electric vehicle as well as clean energy organization based in California, US. The companywas founded
in the year 2003 and are specialised in developing electric cars. thepresent research, a
detailedanalysis is conducted on identifying the impact of electric cars on global market. Itis a
research report consists of various topics in which first and most important element is developing
research aim and objectives so that whole investigation can be conducted in an effective manner.
Apart from this, another essential dimension is literature review whereresearchers identify views
and opinions of different authors so that they can enhance their understanding on a particular
topic and draw valid conclusion. At last research methodology is a topic which is adopted by
investigator in order to gather information and data from different sources so that they can
complete the whole research in an effective manner within given period of time.
B) THEORETICAL BACKGROUND AND RESEARCH FOCUS
Aim
To investigate the impact of electric cars on the global market.A case study on Tesla
Research Objectives
1. To identify therequirements of introducing electric cars inautomobile industry.
2. To determineseveral benefits that will be attained by Tesla bylaunching electric cars.

3. To find out different challenges faced by Tesla while introducing electric cars at global
market place.
Research Questions
 What arerequirements of introducing electric cars in automobile industry?
 What are the several benefits that will be attained by Tesla by launching electric cars?
 What are the different challenges faced by Tesla while introducing electric cars at global
market place?
Review key publications
Requirements of introducing electric cars in automobile industry
According to the view point of Gardner, the world is repeatedly changing towards the
electronic vehicles this is because petrol and diesel are non-renewal rescores and decreasing
frequently and they also have negative impact on environment because they produce hazardous
gases which lead to global warming and climate change. For solving tis problem there is
introduction of electric cars which are more comfortable and easy to operate without the use of
petrol and diesel. They operate on renewal energy sources which can be revive like electricity
which will help in saving limited and non-renewal resources for upcoming generation and other
important functions. This is also a green project because it does to remit hazardous gases and use
environment friendly technology which help climate in survival and reduce exhaustion of earth
resources. Gardner also stated that, one of the reasons for bringing electronic cars in automobile
industry is government interventions, as number of governments are taking corrective actions
against climate change and global warming where the main emphasis is on electronic vehicles as
they have zero emission of hazardous gases in environment (Heiteland et al. 2020). Even UK
government has formed a law regarding compete ban on manufacturing and operating petrol and
diesel car by 2040. Another reason for introduction of these cars to industry is there number of
variety and comfort level for customer. Fully electronic cars and hybrid cars are the two kinds of
variants which are available in market. The looks and variety of electronic are something
different from the regulate petrol/diesel cars, there is more space because of change in heavy
petrol and diesel engine, this help company to make cars more comfortable and stylish in looks