PJOE

Domain: Operations
Six Thinking
Hats
A method to integrate critical thinking for improved
problem solving.

Name Registration ID Division Group

Abhirup Saha 220A3010004 IV O-1
Sayan Mazumder 220A3010164 IV O-1
Nishant Kumar Singh 220A3010026 III O-1
Sanu Mahanta 220A3010038 II O-1
Animesh Tiwari 220A3010144 III O-1
DIVYANSH SARASWAT 220A3010017 III O-1
Tanusri Chatterjee 220A3010126 IV O-1
Shubham Sachan 220A3010043 III O-1
Yash singh 220A3010052 III O-1
Suraj Verma 220A3010135 III O-1
Saurabh 220A3010217 III O-1
 Problem Statement:
Analyzing the Potential Disruption of Electric Vehicles (EVs) on the Internal Combustion Engine (ICE) Market.

5W1H Analysis:
Who:
Automotive manufacturers (both EV and ICE), consumers, government bodies, environmental groups, and
investors.
What:
The shift from ICE vehicles to EVs, impacting manufacturing, market dynamics, environmental policies, and
consumer behavior.
When:
The transition is ongoing, with significant market shifts expected within the next decade, influenced by
technological advancements and policy changes.
Where:
Globally, with varying degrees of impact in different regions based on infrastructure, economic status, and
government policies.
Why:
Environmental concerns, technological advancements, government incentives, changing consumer
preferences, and long-term cost benefits.
How:
Through the adoption of EVs driven by innovation in battery technology, establishment of charging
infrastructure, policy support, and shifts in public perception.
 WHITE HAT (NEUTRAL, OBJECTIVE):

Global sales of Electric Vehicles (EVs) have increased significantly, with over 6.6 million units sold in 2022.
Many countries, including the UK, are implementing policies to phase out Internal Combustion Engine (ICE)
vehicles, aiming for a ban on new petrol and diesel cars by 2030.
Technological advancements, particularly in battery technology, are reducing the cost of EVs, making them more
competitive with ICE vehicles.
There is a lack of detailed, region-specific adoption rates for EVs and comprehensive analysis of consumer
preferences compared to ICE vehicles.
Future market trends, cost comparisons over vehicle lifespans, and the impact of government policies on EV and
ICE markets are key areas where more information is needed.
Industry reports from organisations like IEA, BloombergNEF, and academic studies provide credible data for
analysis.
The advancement rate of EV technology, government environmental policies, and the comparative environmental
impact of EVs and ICE vehicles are crucial for understanding the market dynamics.
The accuracy and relevance of this analysis depend on the reliability of the sources and the recency and
comprehensiveness of the data.
 RED HAT (EMOTIONAL, ANGRY):
There's a strong sense of excitement about the move towards more sustainable transportation with EVs.
The rapid advancements in EV technology foster a feeling of optimism regarding environmental and technological
improvements.
Concerns are present about infrastructure development challenges and EV production's environmental impact,
especially batteries.
A warm feeling towards the transition to EVs is evident, driven by the potential for reduced fossil fuel dependence
and lower emissions.
There's apprehension about the economic implications for industries and workers associated with the ICE market.
The shift towards EVs sparks curiosity about how it will reshape the automotive industry and its effects on other
sectors.
A feeling of eagerness to see the positive changes EVs can bring, coupled with uncertainty about the pace and
extent of these changes.
Overall, the reaction is a complex mix of positive emotions like hope and excitement, balanced with concerns and
apprehensions about the challenges ahead.
Explore concerns people might have about job losses in the traditional automotive sector or apprehensions
regarding EV infrastructure development.
YELLOW HAT (SUNNY, POSITIVE):

Electric vehicles contribute to a reduction in greenhouse gas emissions, promoting a more sustainable and
eco-friendly transportation solution.
The shift towards electric vehicles encourages innovation and advancements in battery technology, leading
to potential breakthroughs with applications beyond the automotive sector.
The rise of electric vehicles opens up new markets for manufacturing, research, and development, providing
opportunities for economic growth and job creation.
A transition to electric vehicles may reduce dependence on fossil fuels, enhancing energy security in regions
investing in renewable energy sources.
Electric vehicles generally have lower operating costs due to cheaper electricity than traditional gasoline,
potentially resulting in long-term cost savings for consumers.
Electric vehicles operate more quietly than internal combustion engines, contributing to reduced noise
pollution in urban areas.
The growth of electric vehicles presents an opportunity for integrating smart grid technologies, optimizing
energy usage and promoting more efficient energy distribution.
 BLACK HAT (SERIOUS, SOMBER):

Concerns exist that the predicted rapid growth of the EV market may be too optimistic, considering potential
barriers like consumer resistance and inadequate infrastructure.
The overall environmental benefits of EVs, including battery production and electricity generation, might not be
as significant as often presented.
The success of EVs heavily relies on advancements in technology, especially in battery efficiency and
affordability, which is not guaranteed.
EV market expansion is susceptible to changes in government policies and economic conditions, which could
hinder its growth.
Issues in the supply chain, especially in sourcing battery materials, and the higher total cost of ownership for EVs
could limit their market penetration.
The widespread adoption of EVs is constrained by the current state of charging infrastructure and the need for
significant upgrades in electrical grids.
The recycling and disposal of EV batteries pose environmental challenges that are not yet fully addressed.
The transition to EVs might lead to significant disruptions in the automotive industry, affecting jobs and
economies reliant on the ICE vehicle market.
 GREEN HAT (GROWTH, FERTILITY):
Introduce robust government incentives and subsidies to promote the development, manufacturing, and
adoption of electric vehicles, making them more appealing to consumers and industries.
Invest in the development of a widespread and efficient charging infrastructure to alleviate range anxiety and
encourage the seamless integration of electric vehicles into daily life.
Foster partnerships with technology companies to accelerate research and development in battery technology,
aiming for more cost-effective and environmentally friendly solutions.
Launch comprehensive educational campaigns to inform consumers and industries about the benefits of electric
vehicles, addressing misconceptions and promoting a positive perception of the technology.
Implement programs to assist workers in the traditional automotive sector in acquiring new skills and transitioning
to roles in the growing electric vehicle industry.
Develop and promote a circular economy for electric vehicle batteries, emphasizing recycling, refurbishment, and
repurposing to mitigate environmental concerns and resource dependency.
Offer innovation grants to encourage research and development in alternative transportation technologies,
including hydrogen-powered vehicles or advanced biofuels, as potential alternatives to both electric and internal
combustion engines.
Explore smart grid technologies to enhance the efficiency of electric vehicle charging, optimizing energy
consumption and reducing the strain on existing energy infrastructure.
 BLUE HAT (COOL, SKY ABOVE):

Acknowledge the inevitability of the shift towards electric vehicles and recognize the need for industries to adapt
and embrace the transition.
Prioritize substantial investments in charging infrastructure to support the widespread adoption of electric
vehicles and address concerns related to range anxiety.
Advocate for government policies that incentivize the development, manufacturing, and adoption of electric
vehicles to create a conducive environment for market growth.
Encourage collaboration between automotive manufacturers, technology companies, and research institutions to
drive innovation in battery technology, addressing limitations and advancing the electric vehicle industry.
Implement strategic workforce planning programs to assist employees in the traditional automotive sector in
acquiring new skills, minimizing job losses, and facilitating a smooth transition to emerging industries.
Launch comprehensive educational campaigns to inform consumers about the benefits of electric vehicles,
dispelling myths and building positive perceptions to drive consumer acceptance.
Explore diversification strategies for traditional automotive companies, such as investing in hybrid technologies,
to navigate the evolving market landscape and maintain competitiveness.
Foster global collaboration to address common challenges in the electric vehicle industry, including standardizing
charging infrastructure and creating a cohesive approach to environmental standards.