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Write 7 pages with APA style on Connection between the Electric Market and the Americian Car Industry.
Write 7 pages with APA style on Connection between the Electric Market and the Americian Car Industry. The electric car market in particular has received certain degree of attention as an alternate means to gasoline-driven automobiles. The automobile industry being a part of the energy industries calls for cost effective economy not just for increasing market revenues, but also for smoothening operational mobility. On one hand, electric cars are built to serve the purpose of energy saving. On the other hand, designing an energy saving unit requires certain engineering mechanisms that are otherwise costly. So the basic challenge for the automobile companies worldwide is to devise production strategies at par with both efficiency and competitiveness (Steen 150). Moreover, it is also imperative to follow the environmental regulations to make sure that all cars meet sustainable standards. The American car industry has been historically leading the way to fulfill this objective. Majority of the big market players in the automobile industry are American organizations having branches in other countries. This paper dwells on how the electric car market and the American automobile industry are connected with each other for mutual business interests. The paper shall examine the role played by General Motors Company (GM) in the context of promoting sustainable transportation through manufacturing electric cars.
The electric car market provides an alternative means for consumers to choose from a competitive selection of commercially successful vehicles that are available to nearly all nations. This market has made it to the global arena fairly recently and it is yet to be confirmed whether it can withstand the tough competition from hybrid and gasoline-driven automobiles. Yet, the initial signs are promising enough to make the conjecture that this enterprise has arrived to leave its lasting footprints on the future of automobile business. The line of products available in the 21st century date back to as early as the 1830s when more primitive designs first hit the European market (Electric Car Forum & EV .Electric Community 2009).
