Secondary Research
Background Information
  Industry Analysis
  External Environment Analysis
  Customer Analysis
  Company Analysis
  Products/Services Analysis
  Distribution Analysis
  Promotional Analysis
  Pricing Analysis
Industry Analysis
   Pressure from outside
    sources to bring EV to
    market=demand

   US Government offer
    incentives to produce

   Big 3 introduce EV models
    for production
External Environment

    Carbon emissions, green house gases,
     global warming

    Renewable energy

    Reduction of reliance on fossil fuels

    Government influences
Customers
   Upper middle class

   45+ age buyers more
    prevalent

   More highly educated buyers

   Environmentally conscience

   Previous hybrid owners
Company’s
   Big 3 introduce hybrids

   Chevrolet introduces the Volt

   Chrysler introduces the
    200cEV

   Ford introduces Focus
    EV(2011)

   3Prong Power refitting current
    hybrids to fully electric
Products, Distribution, and Promotion
     Fully electric autos and SUV’s

     Distributed to customers throughout
      dealerships

     Promoted using print, TV commercials,
      internet pop-ups

     Use of tag line – “Going Green” industry
      wide
Research Objective

 Orange Team Research Objective:

   To discover the potential electric vehicle
   buyer’s expectations of an electric
   vehicle in regards to the battery life and
   style of vehicle.
Research Objective

    Eager manufacturers without a starting
     point

    Unknown expectations

    No extra production money to waste

    Gain confidence in new venture
Methodology

  Exploratory Research
  Purpose:
      To clarify ambiguous situations or discover ideas that may
       be potential business opportunities. (Zikmund)

      Expectations can lead to innovations


      not intended to provide conclusive evidence from which to
       determine a particular course of action. (Zikmund)

      A starting point for the rest of the research
Qualitative Research

     Qualitative Research – Is in the form of exploratory research.

     Qualitative Method – Is in the form of utilizing focus groups.

     Core Issues of the Qualitative Research – Addressing the dilemma of EV
      batteries and vehicle designs.

     EV Battery Dilemma – A problem that has plagued the industry from the get-
      go has been the EV batteries poor life span.

     Screening Criteria for Participant :

      - At least 2 years as an executive
      - Non-American’s must present proper working documents
      - Must sign a form of consent
Quantitative Research Method
    Questionnaire Survey
Questionnaire/Survey Design

     Designed to answer research objective

     18 Questions distributed:
       E-mail
       Social Networking Sites


     Incentive “You can help shape the future of the
      auto industry”
Questionnaire/Survey Design

     Question Ordering
       Basic demographics
       Key questions answering the research
       objective


     Question Types
       Majority Nominal Scale Category
       Majority Close Ended
       Time constraints
Sampling

   Began using the random method
   Actually used convenience method
       Time constraints
       is used in exploratory research where the
       researcher is interested in getting an
       inexpensive approximation of the truth.
     Originally wanted 30 responses, but
      ended up with 53
Appropriate Test Statistic

   x2test for goodness-of-fit
   Key questions were analyzed
  Sample of Results
          18. What style of electric vehicle would be most appealing to
                                       you:
                      Answer                  Response          %
         Compact                                   3            6%
         Full Size                                 9           17%
         Luxury                                    9           17%
         Sports Car                                3            6%
         SUV (Sport Utility Vehicle)               23          43%
         Truck                                     6           11%
         Total                                     53         100%
Results
    Surprising and Predictable

    Styling: Sport Utility Vehicle
     is desired

    Battery Life:
      #1 concern of owning an
       electric vehicle
      Lower expectations than
       originally thought


    Fueled Vs. Electric
Results (Cont.)
 11. What are your two biggest concerns in regards to
  owning a fully electric vehicle? (Please check two
                boxes or check none)
             Answer                  Response   %
 Maintenance costs                         16    30%
 Maintenance facility availability         12    23%
 Reliability of the vehicle over
 time                                      21    40%    15. How far would you expect one full battery charge to
 The speed and power of the                                                     take
 engine                                    21    40%                 you in an electric vehicle?
 Battery life                              24    45%                                      Respons
 None                                       4     8%
                                                                    Answer                   e           %
                                                        0 - 200 miles                         8         15%
                                                        200 - 400 miles                       22        42%
                                                        400 - 600 miles                       16        30%
                                                        600 miles or more                     7         13%
                                                        Total                                 53       100%
Recommendations

    Main efforts on
     SUV segment

    Extra effort on
     battery:
      Durability
      Dependability
      Performance
Conclusion
    Expectations are clear and research
     objective achieved

    Phase one of electric vehicle marketing
     research

    The future of electric vehicles is exciting
     and with this report, the research task
     has begun to charge up.

Electric vehicles

  • 2.
  • 3.
    Background Information Industry Analysis  External Environment Analysis  Customer Analysis  Company Analysis  Products/Services Analysis  Distribution Analysis  Promotional Analysis  Pricing Analysis
  • 4.
    Industry Analysis  Pressure from outside sources to bring EV to market=demand  US Government offer incentives to produce  Big 3 introduce EV models for production
  • 5.
    External Environment  Carbon emissions, green house gases, global warming  Renewable energy  Reduction of reliance on fossil fuels  Government influences
  • 6.
    Customers  Upper middle class  45+ age buyers more prevalent  More highly educated buyers  Environmentally conscience  Previous hybrid owners
  • 7.
    Company’s  Big 3 introduce hybrids  Chevrolet introduces the Volt  Chrysler introduces the 200cEV  Ford introduces Focus EV(2011)  3Prong Power refitting current hybrids to fully electric
  • 8.
    Products, Distribution, andPromotion  Fully electric autos and SUV’s  Distributed to customers throughout dealerships  Promoted using print, TV commercials, internet pop-ups  Use of tag line – “Going Green” industry wide
  • 9.
    Research Objective OrangeTeam Research Objective: To discover the potential electric vehicle buyer’s expectations of an electric vehicle in regards to the battery life and style of vehicle.
  • 10.
    Research Objective  Eager manufacturers without a starting point  Unknown expectations  No extra production money to waste  Gain confidence in new venture
  • 11.
    Methodology  ExploratoryResearch  Purpose:  To clarify ambiguous situations or discover ideas that may be potential business opportunities. (Zikmund)  Expectations can lead to innovations  not intended to provide conclusive evidence from which to determine a particular course of action. (Zikmund)  A starting point for the rest of the research
  • 12.
    Qualitative Research  Qualitative Research – Is in the form of exploratory research.  Qualitative Method – Is in the form of utilizing focus groups.  Core Issues of the Qualitative Research – Addressing the dilemma of EV batteries and vehicle designs.  EV Battery Dilemma – A problem that has plagued the industry from the get- go has been the EV batteries poor life span.  Screening Criteria for Participant : - At least 2 years as an executive - Non-American’s must present proper working documents - Must sign a form of consent
  • 13.
    Quantitative Research Method Questionnaire Survey
  • 14.
    Questionnaire/Survey Design  Designed to answer research objective  18 Questions distributed:  E-mail  Social Networking Sites  Incentive “You can help shape the future of the auto industry”
  • 15.
    Questionnaire/Survey Design  Question Ordering  Basic demographics  Key questions answering the research objective  Question Types  Majority Nominal Scale Category  Majority Close Ended  Time constraints
  • 16.
    Sampling Began using the random method  Actually used convenience method  Time constraints  is used in exploratory research where the researcher is interested in getting an inexpensive approximation of the truth.  Originally wanted 30 responses, but ended up with 53
  • 17.
    Appropriate Test Statistic  x2test for goodness-of-fit  Key questions were analyzed Sample of Results 18. What style of electric vehicle would be most appealing to you: Answer Response % Compact 3 6% Full Size 9 17% Luxury 9 17% Sports Car 3 6% SUV (Sport Utility Vehicle) 23 43% Truck 6 11% Total 53 100%
  • 18.
    Results  Surprising and Predictable  Styling: Sport Utility Vehicle is desired  Battery Life:  #1 concern of owning an electric vehicle  Lower expectations than originally thought  Fueled Vs. Electric
  • 19.
    Results (Cont.) 11.What are your two biggest concerns in regards to owning a fully electric vehicle? (Please check two boxes or check none) Answer Response % Maintenance costs 16 30% Maintenance facility availability 12 23% Reliability of the vehicle over time 21 40% 15. How far would you expect one full battery charge to The speed and power of the take engine 21 40% you in an electric vehicle? Battery life 24 45% Respons None 4 8% Answer e % 0 - 200 miles 8 15% 200 - 400 miles 22 42% 400 - 600 miles 16 30% 600 miles or more 7 13% Total 53 100%
  • 20.
    Recommendations  Main efforts on SUV segment  Extra effort on battery:  Durability  Dependability  Performance
  • 21.
    Conclusion  Expectations are clear and research objective achieved  Phase one of electric vehicle marketing research  The future of electric vehicles is exciting and with this report, the research task has begun to charge up.