Automotive
How We help Our client in the Automotive industry
There is no question that the electric vehicle industry has grown significantly during the last several decades. Demand, sales, and production have all grown during the last several years. This sector is buzzing with new firms, new models, and new ways to improve electric vehicles. It’s hardly a secret, though, that there are a lot of roadblocks to adoption.
What impediments have been identified?
There aren’t enough places to charge your device
The lack of charging stations and supporting infrastructure is one of the most often reported issues with electric automobiles. According to predictions, 35 million electric automobiles are expected to be on the road in the United States by 2030. Only 100,000 charging stations exist throughout the country despite this.
Approximately how long it takes to charge
The length of time it takes to charge an electric vehicle is another factor discouraging people from using them. The process of filling up a gas-powered vehicle is as basic and straightforward as pulling into a gas station and waiting a few minutes. Convenience is hard to beat, particularly with the present state of EV charging infrastructure and charging times in most countries.
The cost of the first investment is high
Buyers willing to pay a premium for an electric car are few and far between. Most individuals, 67%, said they would buy an electric car if it were the same price as an internal combustion engine automobile in a recent worldwide survey. It was found that just 16 percent of those questioned were prepared to pay an additional 25 percent. Only 18% of buyers in the United States are willing to pay more for an electric car, according to a recent survey.
Thoughts about the trends of automotive and electric industry
We believe that electric vehicles will be a huge success on a global basis (BEV, PHEV, and FCEV). Electric vehicles will play an important role in the transformation of the transportation industry, even though the pace and depth of change may differ from sector to sector.
Automotive business case from operations
To ensure that goods and services are produced as specified, in the quantities required, and on schedule, operation management focuses on making decisions about production processes in order to achieve the lowest feasible costs. CASE now includes “Connected” cars, “Autonomous / Automated” driving, “Shared” vehicles, and “Electric” vehicles among its additional areas of coverage.
Automotive innovation (or else)
Technology that utilises alternate energy sources in addition to the hybrid designs is being applied. In recent car designs, technologies like gas-electric hybrids, fuel cells, and renewable fuel sources like methane are being used.
