Climate change’s impacts and our need to lessen our reliance on fossil fuels are undeniable, and governments all over the world are enacting legislation that intends to limit, if not fully eliminate, the price of new petrol or diesel cars in the near future Electric Car Industry.
Everyone can see that electric motoring is growing, but there are still enormous marketing obstacles for the industry to conquer. But where can we search for ideas on how to accomplish this? The solution is on four wheels and is known as Electric Car Industry.
Challenges prevailing in the Electric Car Industry
This piece of content examines the biggest difficulties confronting the electric vehicle market.
There are numerous hurdles that must be addressed before electric cars (EVs) can be widely accepted and used around the world, some of which are easier to overcome than others.
These are some examples:
- Resistance to new changes
- A bad track record
- Range apprehension, charging times, and infrastructure
- The expense of manufacturing and maintaining electric vehicles is prohibitively expensive.
Change resistance and a bad track record
Every new technology faces challenges in acquiring market adoption, and EVs are no exception. Not only must they overcome end-user resistance to change, but in some cases, particularly in the United States, they have also become symbols of political and societal divides.
Whether from climate change doubters, fossil fuel vested interests, or those inside the automotive business, the idea of electrical motoring has only just begun to acquire mainstream recognition and overcome those preconceptions.
Furthermore, almost all of the initial attempts at electric vehicles were so bad that many people dismissed them entirely.
Many more failures have occurred along the way, including the GM EV1, the Toyota RAV-4 EV, as well as the ancient Sinclair C5.
That transition has only occurred in the last 10-15 years, as energy technology has made them feasible options for the average motorist.
Many individuals believe that buying an EV will necessitate big adjustments in their driving habits, but in truth, these are minor. One of the most prominent examples is range and charging.
Anxiety about range, charging time, and charging infrastructure
It is undeniable that a wide and dependable infrastructure has emerged, making the car the most convenient mode of transportation.
Filling your tank takes 5 minutes and allows you to drive for several hundred miles. Right now, electric vehicles simply cannot compete.
Previously, surprisingly slow charging periods and lower power batteries rendered electric cars impractical for owners who conducted anything more than short journeys around town.
Even to this day, if you’re using a Tesla SuperCharger or anything comparable, charging an EV can take anywhere from 4 to 24 hours. Range Anxiety is the fear of running out of power in the middle of a trip and being stranded somewhere for hours.
Depending on the type, modern EVs typically have a range of 180 to 350 miles.
Charging times and the availability of more charging stations are undoubtedly two of the most significant issues that the electric vehicle industry will face.
Electric vehicles are costly, and the variety is limited.
The current batch of electric vehicles on the market is still highly expensive, and there is no meaningful used EV market to speak of.
Modern technology is always costly, but till the last 5-10 years or so, electric automobiles were so expensive that only those who could afford label BMWs and Mercedes could afford them. There is also the issue that maintenance is frequently dependent on major dealers.
Innovative marketing strategies for innovative technology
EV makers must be inventive in order for their voice to be heard. The current wave of young vehicle customers, and those who will follow them, consume media in a fundamentally different way.
In general, automotive advertising is quite old fashioned and conventional, but embracing innovative approaches could engage and persuade the customers they require.
Whether in the automotive, fashion, or technology industries, or simply anywhere else, showcasing the comfort and advantages of Electric Car Industry in a true and honest way will assist lead to the normality of electric motoring.
PR and influencer efforts including influencers, combined with more traditional marketing approaches, will help to recruit and nurture the current generation of new automobile purchasers.
Taking advantage of evolving habits
Many individuals have attempted to anticipate what a post-covid world will look like, and most of us have no idea, so I won’t. But… With the development of remote functioning, virtual meetings, and shifting attitudes toward flexible working, I believe we will see a shift in how we use our cars.
If we’re simply doing the school run, going to the store, and using it for fun, EV cars unexpectedly make a lot more economical sense, and several of the major perceived negatives have vanished.
Changing public opinion is also down to the manufacturers themselves. If they know that people are hesitant about the charging network, then they should explore ways to allay people’s fears. This could be through highlighting their investment in their own network, a tactic that has worked very well for Tesla in the USA, or by working with various public or private charging networks to guarantee access to their cars.
Any electric vehicle maker that can effectively explain this and establish themselves as a car that makes perfect sense in a technological world may be able to benefit from the inevitable shift in public opinion.
Electric Car Industry Challenges- Conclusion
Some things are unaffected by smart marketing, and it is clear that EV makers are caught in a catch-22 scenario. They are currently too expensive, and there is no charging network to persuade enough individuals into purchasing them, but pricing will not come down and development in the network will not increase until there is widespread market appeal.
Manufacturers must establish and drive this wide market appeal. Simply said, they need to do a better job of emphasizing the benefits of EV driving, addressing people’s worries, and providing practical and tangible answers. The transition to electric motoring is unavoidable for all of us, and while there are still concerns about the impact on the environment of battery manufacture, for the benefit of the earth, the earlier we all convert, the better.
Frequently Asked Questions
Which is the most typical issue with EV cars?
In-car electronics, sounds and leaks, power equipment, temperature system, body hardware, drive system, and paint and trim were the most common EV problem areas.
What challenges do businesses face while approaching the EV market?
The main issue is the cost. Battery technology is costly, and since batteries in EV cars must be able to hold large quantities of charge in order for the cars to be feasible for most drivers, they must be created with expensive materials, the majority of which are difficult to obtain.
What prevents people from purchasing EV cars?
The most prevalent reasons drivers avoid EVs are apprehension that the battery will be out of power before they arrive at their destination, popularly known as “range anxiety,” a lack of charging points, long charge periods, and higher initial vehicle expenses.