StudentShare solutions
Triangle menu

Technological Forces of cars industry - Essay Example

Not dowloaded yet

Extract of sample
Technological Forces of cars industry

In addition, new materials that make the car lighter will enable the manufacturers to increase fuel efficiency whether they are powered by gasoline, electricity, or flex fuels. Technological forces will result in cars that go farther for less cost.
Electricity is the fuel of choice for many people that see it as sustainable and environmentally friendly. It can be produced from solar or wind and can utilize hydrogen through the use of fuel cells. However, the battery has been the weak component in the system. They are traditionally heavy, dirty, have a limited storage capacity, and a short lifespan. Lithium Ion batteries do offer some promise as improvements have been made in recent years. Don Hillebrand, director of the Center for Transportation Research at Argonne National Laboratory "believes that the ultimate medium for electric vehicles' batteries may well be lithium ion, the same material used today in batteries for laptop computers" (Orzech, 2007). Lithium Ion is poised to replace the existing battery technologies of lead-acid and nickel-metal-hydride, and the new high-end electric roadster Tesla is powered by 6800 lithium batteries.
As the industry bridges the gap to the totally electric automobile and a move away from gasoline, the interim period may be fuelled by natural gas. Natural gas is a technology that has been largely overlooked due to a few disadvantages. ...Show more

Summary

With the world economy in a downturn, the automobile industry is facing a period of slow sales and tight consumer budgets. This will mandate that the technological advancements made to the automobile will be done with the consumer's limited budget in mind…
Author : vfunk
Technological Forces of cars industry essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Technological Forces of cars industry"
with a personal 20% discount.
Grab the best paper

Related Essays

The Forces of Globalisation in the Tourism Industry: A Blessing or a Blight
The Forces of Globalisation in the Tourism Industry: A Blessing or a Blight? 1.0 Introduction Globalisation is a widespread concept, particularly about foreign operations and modernisation, which has a significant impact in modern societies. It is now made by multiple sectors as their groundwork to success in the global environment.
12 pages (3000 words) Essay
Forces and Trends in Chocolate Industry
The Hershey Company, known until April 2005 as the Hershey Foods Corporatio and commonly called Hershey's, is one of the largest chocolate manufacturers in North America. Its headquarters are in Hershey, Pennsylvania, which is also home to Hershey's Chocolate World, it's products are sold in over 60 countries worldwide.
4 pages (1000 words) Essay
Porter 5 Forces Industry Analysis of the PC Industry
Case Study 1.0. Porter 5 Forces industry analysis of the PC industry Through incessant transitions in the industrial periphery, the Personal Computers (PC) industry has today emerged as one of the most dynamic and influential business sectors in the global arena.
6 pages (1500 words) Essay
Motor Industry
It is predicted that in the foreseeable future, the network will not be able to support the usage that will be required. Hence, politicians are looking at ways to reduce road usage. Consideration is being given to a number of schemes such as road pricing and pay as you go road taxation.
6 pages (1500 words) Essay
Global Car Industry
Political: Government policy is one of the most important factors influencing the performance and development of the global car industry. Currently, it is expected that the government's role on balancing the need for transport with the economic and environmental hazards involve in car manufacture and use will steer the prospects in the sector.
8 pages (2000 words) Essay
Cars
Similar to traditional cars, the hybrid car also has a gasoline engine. However, the difference is in size. On a hybrid car, the gasoline engine is smaller and is used as advanced technology to increase efficiency by reducing emissions. It is the energy storage device for the gasoline engine.
12 pages (3000 words) Essay
Soybean Industry 5 Forces Evaluation
Soybeans are an agricultural product that can be used for multiple purposes which along with food-related application it can be to produce oil and can be used as raw material for alternative fuels production. One of the industry leaders in the soybean business is Monsanto Corporation. Soybean originated in Asia.
2 pages (500 words) Essay
Competitive forces that affect pharmaceutical industry
The paper also includes an analysis of the financial information of one of the major companies operating in the pharmaceutical industry in the UK. From the financial analysis, it can be inferred whether the trend of the
12 pages (3000 words) Essay
Luxury goods industry Porter's five forces model
In addition, customers in the industry are likely to have ‘higher expectations’ (Deloitte 2014, p.10) as of the quality of the luxury products; this trend also
2 pages (500 words) Essay
Hospitality Industry and Environment Forces
Political instability in a region or country also affects the hospitality industry. Tourists shy away from regions and countries prone to conflicts, for instance, hence affecting performance in the
1 pages (250 words) Essay
Get a custom paper written
by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT
Comments (0)
Rate this paper:
Thank you! Your comment has been sent and will be posted after moderation