Product Lifecycle of Automobiles

The product lifecycle concept is acknowledged in both the general economy and management studies. In line with the concept, every product features an estimative lifecycle. The car's lifecycle is divided into four stages; they are, introduction, growth, maturity, and decline. Moreover, after a decline, it is sent to the scrap yard. Electric vehicles, when linked with low-carbon electricity sources, offer the perspective for diminishing greenhouse emissions. The sales of the vehicles also are different in indifferent stages. Consistent with the concept, every product features an estimative lifecycle. The present study addresses these concepts of the product lifecycle for automobiles.