General Motors and its Chinese business partner, SAIC Motor Corporation, have unveiled the EN-V (Electric Networked Vehicle) concept car in Shanghai. EN-V is a two-wheeled emission-free vehicle that will network with other vehicles via Global Positioning System and distance-sensing technology to avoid any accidents and reduce traffic congestion in cities.
En-V's two wheels are propelled by electric motors powered by lithium-ion batteries. EN-V can travel upto 50 kilometers on a single charge.
Implications - The demand for new modes of transportation is at an all time high because consumers have grown weary of high gas prices as well as the negative environmental impact automobiles currently have on the planet. Corporations outside of the automotive industry may consider implementing cost-effective green initiatives into the production of their wares as it will likely entice consumers into buying their goods.
Personal Urban Minicars
Electric Networked Vehicle (EN-V) Will Network With Other Vehicles
Trend Themes
1. New Modes of Transportation - Opportunity for companies to develop innovative, eco-friendly modes of transportation to meet consumer demand and reduce environmental impact.
2. Green Initiatives - Corporations in various industries can incorporate cost-effective green initiatives to attract environmentally-conscious consumers.
3. Connected Vehicles - Networking vehicles through advanced technology can help reduce accidents and traffic congestion in cities.
Industry Implications
1. Automotive Industry - Automakers can focus on developing electric and networked vehicles to meet the growing demand for eco-friendly transportation.
2. Technology Industry - Technology companies can innovate and provide advanced GPS and distance-sensing technology to enable networking of vehicles.
3. Consumer Goods Industry - Companies can incorporate green initiatives into their production processes to appeal to environmentally-conscious consumers.