Matching Items (3)
Description
Each year, the average vehicle contributes 4.6 metric tons of carbon dioxide into the atmosphere [1]. These gases contribute to around 30,000 premature deaths each year [2] and are linked to in the increase in cases of Asthma. Human health is further impacted by the increase of greenhouse gasses in the atmosphere. Rays from the sun travel to the Earth where they are absorbed. Absorbing the sun’s rays heats up the Earth which is then radiated into space. Greenhouse gasses inhibit this process much like the glass walls in a greenhouse. As a result, the temperature of the Earth steadily increases. The greenhouse effect is dangerous because it can be linked to natural disasters, rising ocean levels, and extinction of species. One of the biggest contributors to the greenhouse effect is burning fossil fuels. Powerplants, agriculture, and transportation are some of the largest contributors to the increase of atmospheric carbon dioxide. To mitigate the effects of transportation, car companies have invested into production of alternative and renewable fuels for their products. One of the sources which has gained popularity recently, is the use of electricity to power our vehicles. Tesla has spearheaded the electric car movement and is largely responsible for this beneficial shift. One issue with this approach is that a majority, around 76.3%, of Americans drive alone on their commute [13]. The market in its current state encourages inefficient transportation due to the lack of alternatives. While motorcycles may offer a more eco-friendly and economical approach to cars, many are afraid of potential hazards of using this mode of transportation. The introduction of electric bikes offers an interesting approach to improving this efficiency and safety issue. The wide availability to customers offers an alternative which pushes the traditional distance limits for commuting on a bicycle. Since the market is relatively new, several issues pose challenges to consumers. This research aims to clarify and analyze the electric bike market in order to supply a potential customer with the tools needed to acquire a high quality and reasonably price bike.
ContributorsFriedrich, Collin Anthony (Author) / Lee, Hyunglae (Thesis director) / Lacy, Gerald (Committee member) / Mechanical and Aerospace Engineering Program (Contributor) / Barrett, The Honors College (Contributor)
Created2020-05
Description
This report discusses the trade-offs of electric vehicles at both the macro-level and the consumer-level. The idea of this project is to address the factors that will affect many people, which are the macro-level trade-offs. Consumer-level trade-offs will address the concerns that individual consumers have when buying a car. The macro-level trade-offs that are discussed include batteries versus engines, increased weight, and strain on the power grid. Consumer-level trade-offs include price, maintenance, cost of ownership, and safety. Electric cars are the future, and although the report points out a lot of potential issues, it is not meant to detract from the adoption of electric vehicles. There are so many possibilities regarding the future of the car industry and there is a lot to look forward to despite the current and future issues that will be encountered.
ContributorsNewcomb, Matthew (Author) / Carter, Craig (Thesis director) / Arrfelt, Mathias (Committee member) / Barrett, The Honors College (Contributor) / Department of Finance (Contributor)
Created2022-12
Description
Today’s electric vehicle market is growing at high rates but unaware consumers present a risk to the future success of electric vehicles (EVs). Over the coming years electric vehicles will take over the automotive industry. Consumers will need to become more educated in order to keep up with the rise and adoption of electric vehicles. Automotive companies will play a large part in this future of education for electric vehicles.
This paper uses various studies and my own personal study from my summer internship with Ford Motor Company to determine the biggest consumer fears, challenging them and how automotive companies can combat them. In my opinion, the biggest consumer fears for electric vehicles are range anxiety, lack of a charging network, high initial purchase prices, battery replacement costs and lack of appealing options. Consumers who are not interested in EVs, are interested or just looking have fears that can come from opinions or others opinions. These fears can easily change through factual points.
I have included numerous studies that combat these fears and show the truth of each category. In each category I have used studies that point out reasons why these fears are nothing to worry about. Consumers need to learn these fears can be easily changed and that is what this section aims to do.
Automotive companies will have to play a large part in this educational piece. My paper outlines what they need to do in order to succeed in the future. A major part will be dealer engagement. Dealerships represent the face of the company and if they are unwilling or cannot sell EVs, then electric vehicles will not succeed.
Finally, I provide my personal thoughts on the future of the electric vehicle market and what is holding high adoption rates of EVs back.
This paper uses various studies and my own personal study from my summer internship with Ford Motor Company to determine the biggest consumer fears, challenging them and how automotive companies can combat them. In my opinion, the biggest consumer fears for electric vehicles are range anxiety, lack of a charging network, high initial purchase prices, battery replacement costs and lack of appealing options. Consumers who are not interested in EVs, are interested or just looking have fears that can come from opinions or others opinions. These fears can easily change through factual points.
I have included numerous studies that combat these fears and show the truth of each category. In each category I have used studies that point out reasons why these fears are nothing to worry about. Consumers need to learn these fears can be easily changed and that is what this section aims to do.
Automotive companies will have to play a large part in this educational piece. My paper outlines what they need to do in order to succeed in the future. A major part will be dealer engagement. Dealerships represent the face of the company and if they are unwilling or cannot sell EVs, then electric vehicles will not succeed.
Finally, I provide my personal thoughts on the future of the electric vehicle market and what is holding high adoption rates of EVs back.
ContributorsTisch, Zachary Daniel (Author) / Sully de Luque, Mary (Thesis director) / Tuzzolino, Frank (Committee member) / Thunderbird School of Global Management (Contributor) / Department of Marketing (Contributor) / Barrett, The Honors College (Contributor)
Created2019-05