Question

Electric Veichles

who are the relevant stakeholders? what are the interest of each stakeholder? what is the power of each stakeholder? how are the stakeholder coilation are likely to form? Please answer in 300 words.

Answer 1

Electric Vehicles and stakeholders

Electric Vehicles are the latest eco-friendly product that captured the minds of automobile customers all around the globe. Governments, electricity producers, car manufactures, battery manufactures, etc are the major stakeholders in the Electric Vehicles segment.

The interests and powers of each of the stakeholders

Governments

Both National and Local Governments have tremendous interests in the Electric Vehicle segments. Governments aim to reduce carbon emission by promoting Electric Vehicles. The government has the biggest responsibility in ensuring a smoother transition towards Electric Vehicles. The Government can give subsidies or tax reductions to make electric vehicles affordable.

Electricity producers

Electricity producers must ensure a smooth supply of electricity for fuelling Electric Vehicles. Also, they must ensure charging stations in all important locations.

Car manufactures

Car manufactures have a better business opportunity if they foray into the Electric Vehicles segment. They can ensure better service facilities for  Electric Vehicles.

Battery manufactures

The battery is one of the most important components of electric vehicles. So Battery manufacturers must do research for developing better batteries. Also, they must ensure the supply of Lithium which is the important element in the batteries for electric vehicles.

Chance of stakeholder coalition formation

All the stakeholders except Governments may form a coalition in the electric vehicles sector. That may be good for the growth of this particular industry.