Review the material covered in Chapter # 11, Chapter # 12, and Chapter # 13 and complete the following activity:

According to a recent Forbes article, demand for electric vehicles is expected to rise again with one study indicating that EVs will hit 10% of the global passenger vehicle sales by 2025, rising to 28% in 2030 and 58% in 2040. (Cohen, October 26, 2020).

Assume that you are one of these consumers who will be purchasing an EV in the near future and apply the Consumer Decision-Making Process to this buying situation. Provide your Name (First and Last), Student Number, Course Code, Section Number and Assignment Title at the top of the first page. Please ensure that you specify your assignment title as Individual Assignment Two EV Purchase. Please ensure that this information is centered at the top of the first page. DO NOT use the Header Function. Ensure your assignment is no longer than two pages, computer generated, single-spaced, error free and submitted in MS Word file format.

Your assignment should consist of a total of five paragraphs as follows: Paragraph One (Introduction) Introduce the reader to this assignment. Be sure to mention the Consumer Decision-Making Process and briefly describe the Electric Vehicle by identifying the type (classification) of consumer product that it is and by indicating the Product Life Cycle (PLC) Stage that it is currently in. Paragraph Two Focus on the first two steps in the Consumer Decision-Making Process with an identification, description, and application of each of these first two steps to this buying situation. Paragraph Three Focus on the third step in the Consumer Decision-Making Process with an identification, description, and application of this third step to this buying situation. 2 Paragraph Four Focus on the fourth and fifth step in the Consumer Decision-Making Process with an identification, description, and application of each of these last two steps to this buying situation. Paragraph Five (Conclusion) Conclude this assignment by providing your opinion on whether or not you believe that EV sales will indeed represent over 50% of automobile sales by the year 2040. Be sure to provide rationale or reasons for this opinion!