Plans for the Chevrolet Bolt were announced earlier this year, however the car will now be crafted using LG electronic parts in order to honor its eco-friendly design. This bold car combines sleek aesthetics with environmentally conscious initiatives. Both of these characteristics make the car a desirable mode of transportation for the millennial age group.
The electronic Chevrolet Bolt contains valuable attributes such as the fact that it can travel 200 miles on a single change. GM worked closely with LG Electronics and LG Chem to develop a fully functioning electric system. Some of the unique features include an electric drive motor, an on-board charger and a battery cell pack.
The design of this car appeals to the millennial age group due to these consumers' innate desire to save the planet. With the use of the LG electronic parts and GM's bold design, this car hopes to be ready for consumer purchase in 2016. At a price point of about $30,000, the electronic vehicle is likely to garner attention from a younger demographic.
Key Themes Behind This Trend
- Eco-friendly Car Designs
- Collaborations between car manufacturers and electronic companies to create eco-friendly cars that appeal to the environmentally conscious millennial demographic.
- Collaborative Innovation
- Multinational conglomerates continue to invest in research and development of eco-friendly technology through partnerships with companies in the electronic, automobile, and energy industries.
- Electric Vehicle Technology
- The development of innovative battery technology, electric drive motors, and on-board charging systems has made electric vehicles a more viable and cost-effective option for consumers, particularly millennials.
Where This Applies
- Automobile
- The automotive industry is innovating towards eco-friendly designs to cater to environmentally conscious consumers and to stay ahead of the competition.
- Electronics
- Collaborative efforts between car manufacturers and electronics companies are leading to innovative developments in the field of electric vehicle technology.
- Energy
- Investment in eco-friendly energy and infrastructure is creating opportunities for the development of sustainable electric vehicles and charging solutions.
