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The development of sustainable electric vehicle business ecosystems

Author

Listed:
  • Phillip K. Agbesi

    (North Carolina State University)

  • Rico Ruffino

    (North Carolina State University)

  • Marko Hakovirta

    (North Carolina State University)

Abstract

Electrifying passenger transportation has been a topic of interest for several decades as a method of reducing carbon emissions and promoting a more sustainable society. Globally, nations are implementing policies and regulations, promoting and setting goals for carbon neutrality, lowering carbon emissions, and doing away with combustion vehicles. The electric vehicle (EV) industry has seen significant growth over the past few decades due to increased environmental awareness, political influences, and economic benefits. Even so, before they can become a reliable mode of transportation, significant changes need to be implemented to improve the EV ecosystem. Previous literature has explored issues such as lack of charging infrastructure, charging times, and range anxiety that hinder the mass adoption of EVs. However, to our knowledge, there is no literature that discusses the interdependencies of the EV ecosystem holistically and how many of the aforementioned elements interact. Additionally, there is little discussion on sustainable materials which could be instrumental to EV ecosystem development. This paper attempts to discuss many ecosystem components, present trends, difficulties, and possible frameworks for sustainable advancement. Through this research, we found that the EV ecosystem development will be a collective effort and will rely on the collaboration of multiple actors. Graphical abstract

Suggested Citation

  • Phillip K. Agbesi & Rico Ruffino & Marko Hakovirta, 2023. "The development of sustainable electric vehicle business ecosystems," SN Business & Economics, Springer, vol. 3(8), pages 1-59, August.
    • Handle: RePEc:spr:snbeco:v:3:y:2023:i:8:d:10.1007_s43546-023-00486-5
    DOI: 10.1007/s43546-023-00486-5
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    More about this item

    Keywords

    Electric vehicle business ecosystem; Electric vehicles; Electric vehicle charging stations; Sustainable materials; Battery swapping; Cross-laminated timber;
    All these keywords.

    JEL classification:

    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources
    • R40 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - General
    • Z10 - Other Special Topics - - Cultural Economics - - - General

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