Electric Vehicle Industry-Challenges and Opportunities
摘要
Present automotive industry has come up with many latest technologies to increase the energy efficiency and cut down cost of manufacturing. With having tremendous advantages over IC engine vehicles, Electric vehicles are showing remarkable growth in Automobile market with helping in improving environmental conditions. In this present study an effort is made to understand and showcase the challenges and opportunities EV’s have for mass production and increase the demand in market. Study reveals that the main challenges EV facing to enter into the market is insufficient technologies, social awareness, lack of infrastructure, and range anxiety. Recommendations are being provided to enhance EV market with better range, reliability and performance, thus moving towards an imperishable future to EV market.