E- Vehicles (revolutionary innovation)
"We will not stop until every car on the road is electric- Elon Musk" Before to start let's understand the adoption curve stage. Sunrise: It's a stage where the industry starts growing with new products and technology. This is the time when customers are ready to pay a high premium for the product. In this stage, the industry attracts the investor. Maturity: This is the stage where competition is high in the industry and everybody is trying to sell the same products. Sunset: This is the stage when companies need to change the product & technology. The industry will consolidate, margins will fall. E-Vehicle is today is the huge sunrise industry. The Govt of India has taken the initiative to change the complete auto sector. 4 wheeler may see some problems but 2 wheeler and 3 wheeler are shifting faster. Tax on electrical vehicles and car charging systems reduced to 5%. Benefits of electrical vehicles: 1. Govt's d...