Electric Cars Research Paper Example | Topics and Well Written Essays - 1500 words

galvanic Cars - Research Paper ExampleThe company has completed designing the car but wants to increase its output. A rise in output can only be afforded, if the company makes a commercial picture that would help to market the product and make it a leading vehicle in the current free-enterprise(a) industry. The context of this research paper would capture the various details about the product, industry, potential market applications, challengers, risks and means of commercialization that would be useful for the company to make its product acceptable in the market. Product verbal descriptionAn electric car is an eco friendly car that runs with the help of an electric take or battery stored electrical energy. The electric motors in such cars help to generate torque, thereby giving smooth and strong acceleration to such modern vehicles. Such cars emit less air impurities because they do not discharge tailpipe pollutants. whatsoever electric cars are also powered by solar energy or gasoline, these cars are cognise as solar and hybrid cars respectively (Westbrook, 2001). Prototype StatusThe research paper concentrates on a four seating electric car. The car is produced by a Canadian cable car company and its manufacturing part is in Ontario. The car fully runs with electricity and comprises of all the features that a modern car should contain. However, the car is compulsory to be charged every time its cell energy diminishes. The company manufactures only 75 cars per month at present but the figure is expected to augment up to 200 cars per month by 2014. Intellectual Property Status The intellectual property rights are legal rights that are catered to the automobile firms for discovering a new design of a vehicle. Such rights ensure that the state of technology or blueprint newly invented by a company is not copied by any other firm in the industry. A trademark can only be used by a Canadian company gibe to the norms of Canada. Thus, it is obvious tha t the Canadian electric car manufacturing firm will possess a trademark that would protect its product from forgery (WIPO, 2013). Industry Analysis Definition of your industry The automobile industry is an industry that comprises a large pool of organizations and companies. Such companies are engaged in designing, selling, manufacturing, marketing and developing motor cycles, mopeds, towed vehicles and motor vehicles. It is a long established business segment since 1890s. Working and Prospects of the Industry Automobile industry is considered as one of the most important industry in the current global economic system in terms of revenue. The biggest strength of the industry is its diversity there are infinite companies that participate in automobile manufacturing. The industry stands 3rd in the Fortune 500 list and