BUSINESS PLAN -1

EV BATTERY

(A)-What is the Problem/opportunity identified?

Ans-With the development of new technology, there is a

advancement in automobile sector. Electric vehicles are
alternatives to internal combustion engines vehicles. The
emission of lower CO2 in electric vehicle is increasing the
demand in every country. The Indian Government is also planning
to increase the electric vehicle in the automobile industries. In this
paper the opportunities and challenges of the electric vehicles in
Indian market is discussed. Economic, social, technical, and
environmental factors affecting the electric vehicles market in
India are discussed in this paper. The battery and infrastructure
development are related to economic and technological factors as
discussed. Recommendations are then made according to the
challenges and as to promote the market growth of electric
Vehicles.

(B)-What is the solution identified (product or services you wish to

provide) to address and encash the opportunity?

Ans-Ten million electric cars were on the world’s roads in 2020. It

was a pivotal year for the electrification of mass market
transportation. Sales of electric cars were 4.6% of total car sales
around the world. The availability of electric vehicle models
expanded. New initiatives for critical battery technology were
launched. And, this progress advanced in the midst of the Covid-
19 pandemic and its related economic downturn and lockdowns.
Over the last decade a variety of support policies for electric
vehicles (EVs) were instituted in key markets which helped
stimulate a major expansion of electric car models. In My
business plan I had to make the Sodium Battery That are giving
The best Performance In comparison Of Lithium Battery That
battery Contain More Power that increase the Life Cycle Of entire
Battery.

(C)-identify risk associated with this solution of EV

Ans-Around the globe, the take-up of electric cars is expected to

accelerate rapidly in future, driven by consumer demand and
government policies aimed at tackling climate change. The future
of mobility is clearly electric, but the transition will lead to a
fundamental change in risk for manufacturers, suppliers, and
insurers alike and will have a significant impact on automotive
product liability insurance.

“From supply chain networks to production processes to the

product itself – the automotive industry will have to respond to
many emerging risks to make the transition to electric vehicles
happen,” says Daphne Riken, Senior Underwriter Liability at
AGCS. “The anticipated growth of electric cars brings the
prospect of new defect or performance issues; more expensive
repair costs; new fire and cyber threats; and even reputational
issues around sustainable sourcing and disposal of critical
components and raw materials for batteries. ”If the battery in an
electric car has to be replaced, it can result in a total loss in many
cases. In addition, the fact that they can only go to specialist
repair shops can contribute to costs,” says Carsten Reinke Meyer,
Head Of Vehicle Technology And Safety Research at AZT
Automotive.

Battery life and performance are critical issues for electric cars.
Given the high cost of replacement or repair of battery units, a
failure to live up to performance guarantees will pose questions
around liability for manufacturers and suppliers.

(D)- What is the cost of the solution and how it is placed

competitively in the market?

Ans-the price of your coffee, demand for it will fall, and lowering
your price will bring in new clients. As you saw with competitive
pricing, this is not always the case when customer perception is
altered as in the premium product scenario. Other factors
affecting demand curve strategies are things like convenience
and location. Using demand curves may require market surveys
and other customer feedback methods.