Manufacturers Turning Back on Electric Vehicles

The video discusses the current state and future of electric vehicles (EVs). Renault and Nissan have invested heavily in EV technology, aiming for a significant market share by 2020. However, a report by KPMG indicates that the electric car revolution has stalled due to manufacturers' hesitance and consumer priorities shifting away from environmental concerns. Despite low initial sales, the market is growing, and there is a need for price reductions and improved performance to attract consumers. The report warns that manufacturers must act quickly to position EVs as economically viable options.

What is the main reason Renault and Nissan are investing heavily in electric vehicles?

• They want to dominate the luxury car market.

• They are looking to reduce production costs.

• They believe in the future potential of electric vehicles.

• They are mandated by government regulations.

According to the report, why has the electric car revolution stalled?

• Lack of interest from car manufacturers.

• Government restrictions on electric vehicles.

• High cost of electric vehicle production.

• Manufacturers are hesitant to invest in unproven technology.

What has been a surprising development in the efficiency of petrol engines?

• They are now more expensive to maintain.

• They have become more environmentally friendly.

• They have surpassed expected fuel efficiency levels.

• They have become less efficient over time.

What is one of the key factors needed to boost electric vehicle sales?

• Increasing the number of luxury electric models.

• Reducing the price of electric vehicles by 20-30%.

• Expanding the electric vehicle market to rural areas.

• Introducing more government subsidies.

What is a critical step for manufacturers to ensure the success of electric vehicles?

• Limiting the production of traditional engines.

• Focusing solely on environmental benefits.

• Convincing consumers of the economic advantages.

• Reducing the size of electric vehicles.