7BSP1245 Finance For International Business
The environmental effects of electric vehicles reveal a much more environmentally friendly picture when compared to conventional automobiles. This is one of the most prominent features of electric vehicles. In addition to zero carbon emissions, the fact that the sounds produced by these technological tools are almost non-existent, offers one of the most effective solutions to sound pollution, which is a major problem in city life. The sound factor also plays a major role in the evaluation of electric cars among the most comfortable vehicles. In my research paper, I will be talking about the benefits and challenges of car industry going all electric.
The benefits of electric cars
Does electric motor causes lower maintenance?
How are electric cars benefit the environment since they do not emit pollutants?
The challenges of electric cars
Potential harm to people, other animals, and the environment?
There are rapid developments in battery and charging technology. Which charging technologies will become the gold standard for electric cars?
Finance side of the issue
Would charger compatibility, vehicle costs, and financing of charging stations, cause problems?
Who will pay for the charging stations? Governments or the car brands?
In conclusion, in this research paper, I researched and got more depth information about the future potential of electric cars taking over the whole automobile industry by weighing both the challenges and benefits of electric cars.