01 - PESTEL

Question 1

political

Answer 1

Countries support the growth of the EV industry
(China + US incentives)

Tariffs protect countries: ex: SUV 25% chicken tariff

Governments promoting public transport

Automotive industry regulations (emissions standards, fuel economy requirements…etc)

Question 2

economical

Answer 2

economic growth rates impact consumer spending

fluctuations in exchange rates - affect global trade + supply chain costs

interest rates - affect borrowing costs

Question 3

social

Answer 3

Increased scrutiny regarding sustainability matters

Increasing preference for carsharing + transportation alternatives

Question 4

technological

Answer 4

developments in EVs + autonomous

increased automation (faster processes)

development of batteries + charging infrastructure

importance of software OEMs

No significant ICE vehicle innovations
= stagnated

Question 5

environmental

Answer 5

rising ESG concerns

government regulations - Paris Agreement

natural disasters - could impact supply chain logistics

Question 6

legal

Answer 6

Protectionist Laws: requirement of sales outlets

anti-trust laws + competition regulations

intellectual property rights

industry regulations (safety, emissions..etc)