Electric Cars Will Rule the Roost – Creative Writing – rbs1100
Search
Essays
Sign up
Sign in
Contact us
Tweet
Index
/Miscellaneous
Electric Cars Will Rule the Roost
Electric cars will rule the roost.
Electric vehicles (EVs) are present in the auto market since the 19th century but they never manged to threaten the monopoly of traditional Internal combustion engine (ICE) cars. However, according to a report by Morgan Stanley this is set to change. They claim that four out of every five cars sold would be electric by the year 2050. This is a bold statement considering the current scene where EVs contribute a mere 1.5% to the total percentage of cars sold worldwide.

The study reports that the sales of EVs is growing exponentially and with companies investing heavily in this technology, growth is expected to continue. Currently EV makers incur loss on every vehicle sold, but they are focussing more on establishing brand and increasing sales volume. The report claims that by 2023, losses for EVs will peak and decrease from there onwards with increase in sales. At the same time, profitability of ICE cars will decrease due to increasing price and falling sales.

Currently the growth of EVs is mainly spurred by the keen interest of China. China being the second biggest economy and most populous country in the world, its interest in EVs matters to the world. China is investing heavily in the infrastructure for EVs by setting up charging points at public places, in residential apartments and commercial buildings. These steps will encourage people to buy and use EVs. Currently China accounts for almost 40% of the total EVs sold worldwide. Some of the top carmakers like Honda, Toyota, Volvo and others are adopting

Continue for 1 more page »
Read full document
Download as (for upgraded members)
Citation Generator
MLA 7
CHICAGO
(2019, 06). Electric Cars Will Rule the Roost. EssaysForStudent.com. Retrieved 06, 2019, from
“Electric Cars Will Rule the Roost” EssaysForStudent.com. 06 2019. 2019. 06 2019 < "Electric Cars Will Rule the Roost." EssaysForStudent.com. EssaysForStudent.com, 06 2019. Web. 06 2019. < "Electric Cars Will Rule the Roost." EssaysForStudent.com. 06, 2019. Accessed 06, 2019. Essay Preview By: rbs1100 Submitted: June 12, 2019 Essay Length: 443 Words / 2 Pages Paper type: Creative Writing Views: 152 Report this essay Tweet Related Essays The Rules for Being Human 268 Words  |  2 Pages Monks: St.Benedict’s Holy Rule World Civilization 1 Primary Source Paper Monks: St. Benedict's Holy Rule In the 4th and 5th century religious men and women looked for escape from 863 Words  |  4 Pages Comparison of online and offline Retail Environment of Car Industry The offline retail environment of the automobile industry is that of manufacture to intermediary to consumer. The process from which the product (car) proceeds from 2,483 Words  |  10 Pages Soccer: Rules and Techniques Rules and Techniques There are hundreds of sports in the world today. However, only one has become truly an international sport that spans across all 482 Words  |  2 Pages Similar Topics Henry fayol 5 rules of management coca cola care Platinum Rule Disc Assessment Paper Get Access to 89,000+ Essays and Term Papers Join 209,000+ Other Students High Quality Essays and Documents Sign up © 2008–2020 EssaysForStudent.comFree Essays, Book Reports, Term Papers and Research Papers Essays Sign up Sign in Contact us Site Map Privacy Policy Terms of Service Facebook Twitter

Get Your Essay

Cite this page

Keen Interest Of China And Electric Cars. (July 3, 2021). Retrieved from https://www.freeessays.education/keen-interest-of-china-and-electric-cars-essay/