The Electric Car Industry Attractiveness, Potential Market Size, and Opportunity Growth

Market Analysis
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1 What industry or sector of the economy are you addressing?
1 The sector of the economy that I am addressing is the electric car industry. Notably, this refers to the overall market of electric vehicles (EVs) in the whole world.
2 Why is this market attractive?
2 This market is attractive because it may still be considered one in its early stages despite its volume. In fact, reports state that electric vehicles only comprise about 2.6% of global car sales, which means that there is ample room for growth for this technological and highly innovative market CITATION Int20 \l 1033 (International Energy Agency, 2020). Additionally, given that states are becoming more and more conscious of the impending effects of global warming, this industry provides an effective, attractive, and cost-efficient alternative for regular diesel-powered vehicles in the succeeding years.
3 What segment of the overall market are you pursuing?
3 The segment of the overall market that I am pursuing is the e-vehicle (or e-car) industry. Notably, this refers to the market of electric cars, not including hybrid ones. This segment is not limited to the United States alone, but even to the overall EV industry in the world.
4 What can market research be done to describe this market need?
4 The market research that can be done to describe this market includes research about the current sales volume, demand, supply, number of industry competitors (and major players), and recent innovations in the e-vehicle industry. Additionally, it would also be best to research the number and credibility of investors that are working on this sector, whether directly or indirectly. These two shoul...