Chevy Volt Essay Example

the Chevy Volt. I believe that oil prices will not remain low because they are determined by supply and demand dynamics. Oil supply is limited and controlled by manufacturers, while demand continues to increase due to economic expansion. Hence, it is unlikely for oil prices to stay low.

5. The success of Chevy Volt depends on several factors. First, the performance of Chevy Volt directly affects consumer acceptance in the future. This factor is crucial to the success of Chevy Volt. Second, the energy situation and the price of fuel impact the success of Chevy Volt. The cost of energy can directly influence consumer behavior and attitudes towards cars that use alternative power sources like lithium batteries or hydro power. Finally, technology plays a significant role as Chevy Volt utilizes a new energy source - the lithium battery. Since this type of battery is relatively new to the market, it may not be perfect initially and may require further development. If the lithium battery can successfully replace oil energy, it will contribute to the overall success of Chevy Volt.

The moderate risk level of the Chevy Volt project is attributed to several favorable factors in the present market, including growing consumer interest in cars that utilize alternative power, as evidenced by the recent success of the Toyota Prius. Consequently, the overall performance of this project will determine its outcome. In case of failure, the potential cost would be limited to the expenses incurred during development and may indirectly impact other company projects due to a set budget allocation for development purposes. However, not pursuing this project could prove more expensive than its failure

because competitors who have already embraced alternative energy technology would surpass the company if alternative energy vehicles achieve success in future.