AVs are also likely to be substantially more expensive than conventional cars, However, these outcomes are not predetermined, and can be addressed through a variety of policy tools. Jobs will also be lost. The act of driving is the source of many reasonably well-paid jobs. Recent
First, even though the substances are highly available, the cost is too expensive. This might bring a huge confusion into the economy of one country or to the whole world, as it would change the money value of the fuel. This is because it takes long complicated process to go through in order to develop the new technology, the hydrogen-powered car. Second, there would be a possibility of having the storing issues: ‘Where do we go to fill in the tank?’. Moreover, hydrogen is highly flammable.
With the ever increasing number of cars on the roads, existing road networks cannot cope. This has led to many cities around the world having problems with congestion, air pollution and noise pollution. As with most well developed cities around the world, there is little room to keep expanding the existing road network, so cities have had to move away from the idea of building roads just for private cars. Although, according to (Stradling, 2003), “up to 80% of car journeys undertaken daily could be completed using an alternative mode of transport”. But, even with many attractive alternatives in place, it will be hard for any government to reduce people’s reliance on motor cars.
Nowadays, people prefer to ride a bike or walking to a certain place because cars have become too expensive to pay; they have to pay for insurance, gasoline, and damages if an accident occurs. Biking or walking to your destination provides exercise and is
Expensive: Since BMW manufactures luxury cars that require the best quality materials, skilled workforce and a great brand image, which as a result leads to a higher car prices that are often considered as too pricey compared to other car prices. In other words, BMW fails to appeal wider range of customers due to its affordability as it is only perceived to be affordable by those in the upper level of society. In addition, the fact of the BMW’s vehicles being overly expensive makes the future performance of the brand vulnerable to economic crises, and this is because such events usually cause a decline in the levels of consumer spending. And hence this may negatively affect
Elon Musk is not only CEO of Tesla but he also CEO of Solarcity, and SpaceX which will divide his time and energy to make Tesla grow faster. Elon concentration on the environmental and society over the profitability will harmer Tesla survive if other competitors build the same performance EVs and sell with cheaper price. Elon policy to open the patents for everyone to use with will be a biggest threat to Tesla and her long term survive because the competitors can use the same technology to build and produce the EVs car without spend money on R&D. Elon reputation as a very hard working person and try to push his people to be the same passion of work as him with can lead to a lot of change over. For the generation millennium, they are value
The company’s largest expense is the drivers. So they prefer self-driving cars than the drivers, because self-driving cars will be available at the lower rates. In terms of price, people will prefer the self-driving cars, as they are lot cheaper than the normal Uber fares. Arrival of new technology It is a common fact that, when the new technology, it pushes the old down and the new technology will threaten the existence of workers and their emotions will tend to increase. This situation happened when Uber was introduced; it pushed the taxis down when it arrived in the industry.
Although there are some disadvantages, such as you need to change the battery, you do not have to worry about the cost because the automotive companies will have to pay compensation to you. When you want to buy a hybrid car companies have promotions to you. The hybrid cars required for current use is considerable, especially in the city that caused traffic jams using oil-powered car will make you lose money is very simple. Thus, I think that hybrid car it is good choice and betters that Hybrid car: Suitable to use or not? 7 oil car in this current era.
After successful completion it could target other countries as well. Exit Barriers Tata motors passenger vehicle for low budget customer Tata Nano didn’t get the desired response from customer and became a huge liability for the Tata motors, but even if the product fails in the market it cannot be discontinued and company to exit the market because of the heavy investment done in initial stage. Thus If the NANO fails Tata motors will not exit but be in a state to slow production and manufacturing facility can be used for spare parts modification of other new variants of passenger vehicles. Amount of Fixed costs-Automobiles industry experiencing a rise in competition and hence product quality ,service centers etc. needs to be provide which is extra costs that incurs, to maintain low cost, companies consistently has to make manufacturing improvements to keep the business competitive.
It is also a cheaper alternative of petrol. The luxury of the Volvo automobiles can also be listed as strength because of the size and comfort that is offered with the car. Another strength that Volvo has is the quality. Weaknesses of the Company Volvo are mostly connected with its design, model and innovation. However one of the major weaknesses for Volvo is the high price and it is not affordable to many people.