• About Us
  • Disclaimer
  • Privacy Policy
  • Contact Us
Best Digital Mate
  • Home
  • Business
    • All
    • Cryptocurrency
    • finance
    Why should you invest in Tata Motors Shares?

    Why should you invest in Tata Motors Shares?

    Bitcoin Investment Progress for this Decade in Seychelles

    Bitcoin Investment Progress for this Decade in Seychelles

    Dogecoin Trading Strategies: How to Profit from Volatility

    Dogecoin Trading Strategies: How to Profit from Volatility

    Vintage maps

    Why are Maps and Vintage Maps so Popular?

    Decoding Bitcoin: How it works, and it's Potential

    Decoding Bitcoin: How it works, and it’s Potential

    Crypto Wallet App for Secure Online Transactions

    Crypto Wallet App for Secure Online Transactions

    Trending Tags

    • Market Stories
    • Bitcoin
    • Litecoin
    • Harbolnas
    • United Stated
    • finance
  • Digital Marketing
    • SEO
  • Technology
  • Health
  • Travel
  • Education
  • Gaming
  • Real Estate
  • More
    • Gadgets
    • Event
    • Entertainment
      • All
      • Celebrity
      1337x Proxy Site List in 2022: Free Access to Premium Content

      1337x Proxy Site List in 2023: Free Access to Premium Content

      13377x Movies

      13377x Search Engine for Movies, Games, Software, Applications in 2023

      Movierulz ps Website for Telugu Movies, TV Shows and Webseries in 2023

      Movierulz ps Website for Telugu Movies, TV Shows and Webseries in 2023

      MKVCinemas - Watch Bollywood, Hollywood, Hindi, and Bengali Movies Online

      MKVCinemas – Watch Bollywood, Hollywood, Hindi, and Bengali Movies Online

      Desiremovies Website for Watching Bollywood Hollywood Movies for free

      Desiremovies Website for Watching Bollywood Hollywood Movies for free

      Rainierland

      What is Rainierland? and its Alternatives Websites in 2022

      Trending Tags

      • Golden Globes 2018
      • Grammy Awards
      • Explore Bali
      • Champions League
      • Harbolnas
    • Electronics
    • Training
    • Outdoor
    • Fashion & Beauty
    • Lifestyle
No Result
View All Result
  • Home
  • Business
    • All
    • Cryptocurrency
    • finance
    Why should you invest in Tata Motors Shares?

    Why should you invest in Tata Motors Shares?

    Bitcoin Investment Progress for this Decade in Seychelles

    Bitcoin Investment Progress for this Decade in Seychelles

    Dogecoin Trading Strategies: How to Profit from Volatility

    Dogecoin Trading Strategies: How to Profit from Volatility

    Vintage maps

    Why are Maps and Vintage Maps so Popular?

    Decoding Bitcoin: How it works, and it's Potential

    Decoding Bitcoin: How it works, and it’s Potential

    Crypto Wallet App for Secure Online Transactions

    Crypto Wallet App for Secure Online Transactions

    Trending Tags

    • Market Stories
    • Bitcoin
    • Litecoin
    • Harbolnas
    • United Stated
    • finance
  • Digital Marketing
    • SEO
  • Technology
  • Health
  • Travel
  • Education
  • Gaming
  • Real Estate
  • More
    • Gadgets
    • Event
    • Entertainment
      • All
      • Celebrity
      1337x Proxy Site List in 2022: Free Access to Premium Content

      1337x Proxy Site List in 2023: Free Access to Premium Content

      13377x Movies

      13377x Search Engine for Movies, Games, Software, Applications in 2023

      Movierulz ps Website for Telugu Movies, TV Shows and Webseries in 2023

      Movierulz ps Website for Telugu Movies, TV Shows and Webseries in 2023

      MKVCinemas - Watch Bollywood, Hollywood, Hindi, and Bengali Movies Online

      MKVCinemas – Watch Bollywood, Hollywood, Hindi, and Bengali Movies Online

      Desiremovies Website for Watching Bollywood Hollywood Movies for free

      Desiremovies Website for Watching Bollywood Hollywood Movies for free

      Rainierland

      What is Rainierland? and its Alternatives Websites in 2022

      Trending Tags

      • Golden Globes 2018
      • Grammy Awards
      • Explore Bali
      • Champions League
      • Harbolnas
    • Electronics
    • Training
    • Outdoor
    • Fashion & Beauty
    • Lifestyle
No Result
View All Result
Best Digital Mate
No Result
View All Result
Home Automobile

Here’s What The EV Industry Should Know To Drive Sales

Admin by Admin
January 10, 2023
in Automobile
0
Here's What The EV Industry Should Know To Drive Sales
586
SHARES
3.3k
VIEWS
Share on FacebookShare on Twitter

The global EV industry ended 2022 on a high note, selling close to 8.6 million units by the end of December of that year, according to Engadget. This is an increase of 2 million units from the previous year. While this is certainly an encouraging sign that total EV adoption is only a matter of time, it may still be a few years or even a few decades before EV registration numbers come up to that level.

The industry as a whole has yet to perfect such things as how to ship EVs and maximizing lead-to-order conversion. The EV revolution is on the horizon, but in order to drive sales this year, here’s what the EV industry should know.

Buyers Are Interested, But Held Back By Cost

Table of Contents

  • Buyers Are Interested, But Held Back By Cost
  • Making the Buying Process More Convenient May Drive up Sales
  • Key Tech Areas Needed to Secure EV Markets

The uptick in sales speaks to a clear increase in buyer interest, but slow growth indicates that the cost of EVs is still prohibitive for the majority of consumers. With supply chain shortages still ongoing, it’s not likely that this will be resolved anytime soon. Still, consumer surveys are reporting encouraging statistics. Currently, 36 percent of Americans are in the market for an EV, according to Consumer Reports.

However, many of those interested say they may wait a few months more in the hopes that the price hike caused by supply shortages would abate.  Ultimately however, those who need a car more urgently will end up buying a gas car. But the fact remains that demand is being driven up higher. Once price lowers down enough to reach a tipping point, we’re likely to see a significant spike in new EV registrations.

Making the Buying Process More Convenient May Drive up Sales

Supply issues present an important challenge to manufacturers. In order to secure profits, they’ll have to find ways to make EV models more affordable despite the lack of resources. Dealerships, however, have the advantage of attracting sales by making it more convenient for buyers to avail of EV incentives, such as federal tax credits. They can do this by handling all of the paperwork for them.

Several countries offer plenty of incentives to adopting EVs, but often require people to submit several different applications. Dealerships can also take advantage of grants from investment programs offered by manufacturers like Ford. Intended to broaden their market share, these will help insulate dealerships from the potential downturns if sales slow down even further.

Improvements in marketing strategies and other aspects of the industry are also in order if they are to eventually supplant internal combustion cars. To that end, there are a number of lessons the EV industry at large can take from its leaders. Tesla in particular sets a great example. Although known for its premium EVs, their tactics surrounding sales are a fantastic show of orchestration and coordination. Thanks to digitized admin, showroom, and analytics processes, Tesla salespeople can concentrate on selling more cars in a shorter amount of time.

Key Tech Areas Needed to Secure EV Markets

In order to truly hone into the world’s different consumer auto markets, EVs need to diversify in the same way traditional cars did. For example, in countries with relatively flat terrain like Germany and the US, the primary driving factor in vehicle choice is range, so long-haul models need to fully mature in order to truly capture those markets. Meanwhile, in highly urbanized places like India and South Korea, charging infrastructure is the top concern. Many technologies need to pass testing stages for EVs to truly dominate.

Across all markets, safety is a leading issue as well. EVs for the most part have all the trimmings of modern cars with advanced driver assist suites, but consumers are still worried about the likelihood of their cars’ onboard computer systems being hacked and putting them and their families in jeopardy.

This is one of the main reasons why EV interest went down in places like the US. As for this issue, EVs will have to find a compromise between simplifying their digital suites to minimize attack vectors and upping cybersecurity.

These major issues are already being sorted out by rising market competitors such as BYD. Once the dust clears and the industry at large has adapted to these problems, it’s likely that it will be nearly unrecognizable from how it is today.

Tags: digital suitesEV IndustryEV interestEV Markets
Previous Post

PHP or JavaScript? Find Out Which is Better

Next Post

How eLearning Benefits Employees and Employers

Admin

Admin

Related Posts

4 Tips to Help You Turn Your Car into Cash Online
Automobile

4 Tips to Help You Turn Your Car into Cash Online

by Admin
June 8, 2022
Invention Of The Wheel- 6 Unique Things You Need To Know
Automobile

Invention Of The Wheel- 6 Unique Things You Need To Know

by Admin
May 10, 2022
How to Ship Electric Vehicles: Some Pointers
Automobile

How to Ship Electric Vehicles: Some Pointers

by Admin
May 2, 2022
How the FAST program can benefit commercial truck drivers between Canada and the USA
Automobile

How the FAST program can benefit commercial truck drivers between Canada and the USA

by Admin
March 23, 2022
Next Post
How eLearning Benefits Employees and Employers

How eLearning Benefits Employees and Employers

How to Play Omaha Poker on PokerBaazi App

How to Play Omaha Poker on PokerBaazi App

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *


The reCAPTCHA verification period has expired. Please reload the page.

ADVERTISEMENT

Recommended

Digital in Business

Why You Should Go Digital in Business

June 28, 2021
Is Rice Good for Weight Loss? Separating Myth from Fact

Is Rice Good for Weight Loss? Separating Myth from Fact

June 22, 2023
long-distance bae

5 ways to Instantly Feel better when you miss your Long-distance bae

November 10, 2020
How to Throw the Perfect Office Farewell Party 

How to Throw the Perfect Office Farewell Party 

November 26, 2021
TVS Bikes: What Makes Them the Best Commuter Bike?

TVS Bikes: What Makes Them the Best Commuter Bike?

January 11, 2022

Categories

  • Automobile
  • Business
  • Celebrity
  • Cryptocurrency
  • Digital Marketing
  • Education
  • Electronics
  • Entertainment
  • Event
  • Fashion & Beauty
  • finance
  • Food and Drink
  • Gadgets
  • Gaming
  • General
  • Health
  • Home improvement
  • Internet
  • Law
  • Lifestyle
  • Outdoor
  • Pet
  • Photography
  • Real Estate
  • SEO
  • Technology
  • Training
  • Travel

Don't miss it

5 Ways to Stop Receiving Spam Emails
Digital Marketing

5 Ways to Stop Receiving Spam Emails

August 23, 2023
Boost Productivity and Ensure Brand Consistency with Digital Asset Management Software
Technology

Boost Productivity and Ensure Brand Consistency with Digital Asset Management Software

August 10, 2023
Barn Paints: Preserving the Charm of Agricultural Buildings
Home improvement

Barn Paints: Preserving the Charm of Agricultural Buildings

July 31, 2023
Why should you invest in Tata Motors Shares?
finance

Why should you invest in Tata Motors Shares?

July 27, 2023
Bitcoin Investment Progress for this Decade in Seychelles
Cryptocurrency

Bitcoin Investment Progress for this Decade in Seychelles

July 25, 2023
Ecommerce Website development
Technology

Ecommerce Website development Trends 2023

July 16, 2023
Best Digital Mate

Welcome to Best Digital Mate, your number one source for all information about Digital Marketing, Events, Health and Fitness, Technology, Travel, Fashion & Beauty, Gadgets and more. We’re dedicated to giving you the very best information about all these categories, with a focus on quality, relevancy and timely update.

Contact: [email protected]

Categories

  • Automobile
  • Business
  • Celebrity
  • Cryptocurrency
  • Digital Marketing
  • Education
  • Electronics
  • Entertainment
  • Event
  • Fashion & Beauty
  • finance
  • Food and Drink
  • Gadgets
  • Gaming
  • General
  • Health
  • Home improvement
  • Internet
  • Law
  • Lifestyle
  • Outdoor
  • Pet
  • Photography
  • Real Estate
  • SEO
  • Technology
  • Training
  • Travel

Recent News

5 Ways to Stop Receiving Spam Emails

5 Ways to Stop Receiving Spam Emails

August 23, 2023
Boost Productivity and Ensure Brand Consistency with Digital Asset Management Software

Boost Productivity and Ensure Brand Consistency with Digital Asset Management Software

August 10, 2023

Contact Us

    • About Us
    • Contact Us
    • Disclaimer
    • Home
    • Privacy Policy

    © 2021 bestdigitalmate.com. All rights reserved.

    No Result
    View All Result
    • Home
    • Technology
    • Gadgets
    • Digital Marketing
    • Fashion & Beauty
    • Business
    • Event
    • Travel
    • Entertainment
    • Lifestyle
    • Lifestyle
    • Health
    • Electronics

    © 2021 bestdigitalmate.com. All rights reserved.