Will E-automobiles really work in future?, Study Guides, Projects, Research of Business Strategy

Download Will E-automobiles really work in future? and more Study Guides, Projects, Research Business Strategy in PDF only on Docsity! Conduct Research on any topic of your choice Topic: Will E-automobiles really work in future? One of the most significant advantages of electric automobiles and other vehicles is that they emit no emissions when in use. No fuel is consumed, and no CO2 emissions are emitted into the environment since there is no combustion process. With science and technology progressing at such a rapid pace, a variety of both little and major changes are occurring on a near-daily basis. However, as the bandwagon spreads, certain changes are more significant and far-reaching than others, and they occur not seldom, but once every several decades. Whereas bitcoin is hell-bent on revolutionising the monetary sector, a similar drastic shift is envisaged as the decade draws to a close. It is the beginning of electric vehicles, which will eventually replace gasoline-powered locomotive units. But the issue is whether or whether this will occur, and if so, how eager will customers be to switch to these entirely innovative propositions? This research gives a comprehensive review of the issues mentioned and determines if electric vehicles are practical in a developing market like India. Objectives  To see if electric vehicles are the way of the future.  To determine if India's infrastructure is ready to accommodate green cars.  To determine if electric vehicles impact the environment in a better way.  To see how sustainable are electric vehicles Hypothesis  Electric cars will be widely accepted in India since they are expected to be more cost- effective, dependable, and speedier.  Electric automobiles will have a longer range and be less expensive than today's gasoline or diesel vehicles.  Electric cars offer a strong potential to cut emissions and aid in the fight against climate change.  Electric cars will be everyone’s go to rather than diesel/petrol cars as one will be able to charge it anywhere while at work, or may be sleeping at night eventually saving time and non-renewable resources. Primary Data Analysis A 10-question survey was distributed to the among some people in order to conduct a precise quantitative analysis on the topic. Analysis. One of the most important factors affecting a product's success is its awareness. The more people are familiar with the name, the appearance of the product, and how it is utilised, the more likely it is to be accepted by customers. According to the poll, 92.3 percent of respondents had heard of electric vehicles, while just 7.7% have no idea how they work in comparison to a fuel vehicle. This also implies that no one was completely unfamiliar with the word. Such results provide a green light for the introduction of electric cars in India, since just a small bit of effort will be required to raise knowledge of such vehicles, which would lead to rapid adoption. Analysis. What works in favour of electrification is that 61.5 percent of those polled are knowledgeable with electric cars and understand that they run exclusively on power supplied by a battery. This means that some effort will have to be put in to educate every potential user on how to use it and how to handle it properly. Analysis. Electric versions of petrol and diesel models of the same automobile are generally more costly by a significant margin. Despite the government's efforts to lower taxes and hold interest rate discussions, the consumer hasn't benefited in any significant way. According to the poll, a whopping 57.7% believe that a 12 percent GST would be the optimal amount for an electric vehicle. The GST rate has already dropped to 5%, indicating that the Transport Ministry has played its cards properly in supporting growth in the EV industry, and this trend is likely to continue in the future. Analysis. Even the most optimistic are concerned, as 61.5 percent are unsure about the reliability of these. Only 19.2 percent believe EVs will be able to survive the beating as well as today's "regular" autos. One of the most important factors that Indian purchasers examine before spending their hard-earned money on a product is dependability. However, real-life testimonials from other nations where EVs are in full swing must be demonstrated to make an effect in India and develop a feeling of confidence and reliability in the minds of customers for future commuting. Conclusion Electric cars still pose a number of difficulties which can be solved with time and effort. Electric cars offer a great potential to cut emissions and aid in the fight against climate change. In many cases, they will most likely replace combustion engines. To establish a sustainable future, however, an effort across many different domains is required. While they believe that commuting in electric vehicles would be superior from an economic, social, and personal standpoint, they also recognise that it has limits. Electric vehicles need a completely new infrastructure, including the installation of charging stations around the country, which is a costly undertaking, and the general opinion is that the government isn't doing enough to help. Furthermore, because many purchasers will be driving electric cars for the first time, range anxiety and driving in general will be slightly different, especially because Indian road and weather conditions are significantly different, which might degrade the ownership experience. Because customers are ready to pay a significantly lower price for the charger installation and are suspicious of its dependability, producers will have to design packaging in such a way that an aggressive pricing strategy is possible while being profitable. Taking everything into account, my first, third and fourth hypothesis is justified, since in the coming years, cost-effective alternatives will emerge that are thrifty, more road-friendly, and able to resist the quirks of Indian road and weather conditions. As a result, electric cars will be a realistic future alternative. With rising interest in these, government backing is expected to follow. The pollution will be reduced to nothing as the vehicles will not release harmful gases in the environment as we all know that India is one of the most populated countries in the word so this step of turning from fuel-oriented vehicles to e-vehicles may turn fruitful for Environment and the biotic beings living on this Earth. However, my second hypothesis, which elaborates on EV range and general pricing, may not hold true since early cars, which will be introduced shortly after electrification occurs, may not have a long decent range of 500 kilometres. Even the Delhi government has announced the Electric Vehicle Policy 2020, which focuses on replacing two-wheelers, public transportation, shared vehicles, and goods-carriers with electric cars rather than private four-wheelers (EVs).