Electric Vehicles – Driving Vehicle Businesses to Success Horizons

Electric Vehicle

The growing environmental concern and the awareness towards a sustainable ecosystem have given rise to various innovations in favor of a promising and healthy environment. This has resulted in the revolutionary shift of interest from traditional petrol and diesel powered vehicles to electric and hybrid vehicles ensuring a sustainable future. Electric vehicles are being produced in an increasing fashion to promote the idea of environmentally friendly transport and spread the awareness of the need to take care of the ecosystem making it more energy efficient.

Tesla to grow its electric vehicle market

Specializing in electric vehicles, Tesla is all set to grow its market in order to promote and encourage use of electric vehicles. Along with China, Tesla also plans to grow their business with a manufacturing unit in Europe too. Advancing towards an energy efficient sustainable world, Tesla is constantly working towards building affordable and easily accessible vehicles for their customers. Their vision to develop clean energy-driven vehicles and sustainable transport has brought them this far and will soon drive them even further.

Tesla being one the biggest players in the electric vehicle market redefines how electric vehicles will soon take over the rest in the market.

This smart city in New York is ready to set an example

The Schenectady city of New York is working on the initiative of ‘Electric Vehicle Destination’ of driving electric vehicle growth in the city. They are also working on the idea of expanding the use of electric vehicles in the city, for which they plan to replace old traditional vehicles with plug-in electric hybrid vehicles.

Their efforts allow us to foresee the future of the vehicle businesses as they look forward to spreading awareness of the importance of using electric vehicles for transport in order to create an energy efficient environment in the city.

Future of transport

The increasing use of electric vehicles will mark the future of transport. The evolving smart cities and smart initiatives towards a promising future of transport are altogether linked with energy-efficient hybrid vehicles. Businesses are transforming globally in order to prepare for the depletion of petrol and diesel to ultimately shift the transport on energy-efficient vehicles. This approach will result in reducing production of gasoline vehicles and eventually decline it, marking the beginning of an era of smart transport. Having said that, there can be possible innovations in hybrid vehicles too.

With renewable energy being used to recharge electric vehicles and the incredible zero exhaust emission, electric vehicles will change how we commute. Electric vehicles, therefore, would result in driving the future of vehicle businesses around the globe.

About Nikhil Kaitwade 19 Articles
With over 8 years of experience in market research and consulting industry, Nikhil has worked on more than 250 research assignments pertaining to chemicals, materials and energy sector. He has worked directly with about 35 reputed companies as lead consultant for plant expansion, product positioning, capacity factor analysis, new market/segment exploration, export market opportunity evaluation and sourcing strategies.