Fuel Resources For A Sustainable Transport Industry Essay

819 Words Apr 13th, 2016 4 Pages
The increasingly intensive scarcity of fuel resources is making an energy innovation race among vehicle manufacturers. Therefore, electric vehicle is considered as a sufficient solution for a sustainable transport industry. In the recent year, the number of electric vehicles sold out has been increased significantly throughout the world. This pattern has been formed by the awareness and action on reducing gas emission for the environmental benefits, simultaneously decrease the burden of imported oil dependency. During 2015, over 3 million cars have been sold, it is also estimated that this number would double by the year 2020. Thus, the competition among the manufactures in this industry has become more and more intensive. Admittedly, the market demand on vehicles in Australia is massive, the average annual growth of vehicle sales fluctuates from 0.5% to 1% from 2010 to 2015. Australia is considered as a potential market for its prosperity of economy as well as environment friendly policy. Hence, improvement of market share in Australia is one of the most striking priorities of the manufacturers in order to build up a long-term profit strategy. Many renowned agencies, such as CSIRO, AECOM or Federal Treasury, have anticipated the potential growth of the electric vehicle market in Australia. From those reports, Australian electric vehicle sales forecast is considered as optimistic for its contribution to Australian economy and…

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