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Electric cars are coming; undoubtedly this is the first era of its type in a series of automotive innovations that over the next 30 years will revolutionize personal transportation. And, with any new technology as it becomes more prolific and demand increases substantially, economies of scale in production bring down costs. Not only will these innovations in electric-power transform the automobile industry but they will radically impact the energy sector especially the oil industry, as demand for their main product is substantially reduced. Suppliers to our electric grid will benefit as demand for their product rises. This will be a windfall for any resource used to generate electricity that will power this new wave of vehicles hitting the streets around the globe.
Rapid changes in technology are forecast for the automotive market over the next several years. Faced with unprecedented challenges iand opportunities n the current global economic environment, automotive leaders are cutting costs by improving efficiencies in product development, supply chain management, manufacturing and dealer collaboration. They are also making strategic investments for the future in new vehicle technologies and growth markets. Zpryme engages in the following automotive sectors:
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Automotive suppliers
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Automotive business (dealers)
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Fuel efficiency (electric, ethanol)
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Future automotive technologies
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Manufacturing
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Parts & components
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Specialty vehicles business (e.g. ATV, motorcycles)
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