Electric cars are increasingly becoming popular around the world, especially, in the most advanced economies. Governments have been switching their full support from fossilpowered cars to battery-powered cars, and even in Germany, Angela Merkel is lacing up her boots for double subsidies to ratchet up the production of electric cars. The sale of electric cars has tripled in Germany over the past few months. What do you anticipate would be: i) the immediate and long-run impacts of the growing popularity of electric car production in advanced countries on the fossil car sale industry in both western and African economies including Ghana? ii) the immediate and long-run impacts of the growing popularity of electric car productionin advanced countries on car mechanics (including spare parts dealers) and car technology education industries in both western and African economies including Ghana? iii)Explain whether the introduction of electric cars present to you as an entrepreneur new opportunities to exploit to create wealth or threats that would further cripple your country’s economy? Is your country ready for this new challenge? Yes or no? Why?
Respond to this with 150 words.
Electric cars are increasingly becoming popular around the world, especially, in the most
advanced economies. Governments have been switching their full support from fossilpowered cars to battery-powered cars, and even in Germany, Angela Merkel is lacing up
her boots for double subsidies to ratchet up the production of electric cars. The sale of
electric cars has tripled in Germany over the past few months. What do you anticipate
would be:
i) the immediate and long-run impacts of the growing popularity of electric car
production in advanced countries on the fossil car sale industry in both western and African economies including Ghana?
ii) the immediate and long-run impacts of the growing popularity of electric car productionin advanced countries on car mechanics (including spare parts dealers) and car technology education industries in both western and African economies
including Ghana?
iii)Explain whether the introduction of electric cars present to you as an entrepreneur new opportunities to exploit to create wealth or threats that would further cripple your country’s economy? Is your country ready for this new challenge? Yes or no? Why?
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