Factors Influencing the Automobile Industry. Factors that affect Automobile Industry Anti pollution...
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Transcript of Factors Influencing the Automobile Industry. Factors that affect Automobile Industry Anti pollution...
Factors Influencing the Automobile Industry
Factors that affect Automobile Industry Anti pollution issues Alternatives cars such as electric cars Shortage of raw materials Increasing price and fluctuating prices Increase in oil prices Increase in energy cost
Technological Factors Emphasis on R&D Innovation
Hybrid cars Low emission / Fuel efficient
Increased regulation of technological change Use of safety technology
Accelerating the pace of change Better technology at a lower price Product life cycle reduced
Ecological Factors Anti pollution issues Literacy Levels Population growth Income level
Socio Cultural Factors Lifestyles and preference of people that
impact their choice on the types of automobiles
Social Norm that impact the decision to own and use automobiles compared to other means of transport
Political Factors Political climate in different countries
producing and purchasing automobile regarding policies on import, export and manufacturing of automobiles and components
Stability of the government Taxation policies
Economic Factors Consumer spending behaviors Level of economic activities that affect
the need for use of automobiles Infrastructure