Discuss the economic, societal, and environmental impacts of such a transformation towards electric car based public transportation.
An electric car is an automobile that is powered by one or moreelectric motors, using electrical energy stored in rechargeablebatteries or other energy storage devices. A new entrepreneur firmis trying to develop a mobile application identical to Uber forproviding transportation service to the citizens. However, theirconcept is using only electric cars. Their motto is transformingthe taxi industry into a sustainable format.Questions to be answered:Discuss the economic, societal, and environmental impacts ofsuch a transformation towards electric car based publictransportation.How feasible is this project? What risks do you think exist forthis entrepreneur firm? What risk management tools can be used tomanage these risks?Develop a risk matrix to analyze the risks you listed on Part B.What other tools/methods would you use to analyze these risks otherthan the risk matrix?