IDEAS home Printed from https://ideas.repec.org/a/spr/snbeco/v3y2023i8d10.1007_s43546-023-00486-5.html
   My bibliography  Save this article

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
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s43546-023-00486-5
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.
    File URL: https://libkey.io/10.1007/s43546-023-00486-5?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Jonathan Wareham & Paul B. Fox & Josep Lluís Cano Giner, 2014. "Technology Ecosystem Governance," Organization Science, INFORMS, vol. 25(4), pages 1195-1215, August.
    2. Ho-Yin Mak & Ying Rong & Zuo-Jun Max Shen, 2013. "Infrastructure Planning for Electric Vehicles with Battery Swapping," Management Science, INFORMS, vol. 59(7), pages 1557-1575, July.
    3. Machura, Philip & Li, Quan, 2019. "A critical review on wireless charging for electric vehicles," Renewable and Sustainable Energy Reviews, Elsevier, vol. 104(C), pages 209-234.
    4. Livio Cricelli & Serena Strazzullo, 2021. "The Economic Aspect of Digital Sustainability: A Systematic Review," Sustainability, MDPI, vol. 13(15), pages 1-15, July.
    5. Zarazua de Rubens, Gerardo & Noel, Lance & Kester, Johannes & Sovacool, Benjamin K., 2020. "The market case for electric mobility: Investigating electric vehicle business models for mass adoption," Energy, Elsevier, vol. 194(C).
    6. Hou, Rui & Lei, Lei & Jin, Kangning & Lin, Xiaogang & Xiao, Lu, 2022. "Introducing electric vehicles? Impact of network effect on profits and social welfare," Energy, Elsevier, vol. 243(C).
    7. Li, Zhenhe & Khajepour, Amir & Song, Jinchun, 2019. "A comprehensive review of the key technologies for pure electric vehicles," Energy, Elsevier, vol. 182(C), pages 824-839.
    8. Soares, João & Ghazvini, Mohammad Ali Fotouhi & Borges, Nuno & Vale, Zita, 2017. "Dynamic electricity pricing for electric vehicles using stochastic programming," Energy, Elsevier, vol. 122(C), pages 111-127.
    9. Fuad Un-Noor & Sanjeevikumar Padmanaban & Lucian Mihet-Popa & Mohammad Nurunnabi Mollah & Eklas Hossain, 2017. "A Comprehensive Study of Key Electric Vehicle (EV) Components, Technologies, Challenges, Impacts, and Future Direction of Development," Energies, MDPI, vol. 10(8), pages 1-84, August.
    10. Samer Faraj & Sirkka L. Jarvenpaa & Ann Majchrzak, 2011. "Knowledge Collaboration in Online Communities," Organization Science, INFORMS, vol. 22(5), pages 1224-1239, October.
    11. Ou, Shiqi & Hao, Xu & Lin, Zhenhong & Wang, Hewu & Bouchard, Jessey & He, Xin & Przesmitzki, Steven & Wu, Zhixin & Zheng, Jihu & Lv, Renzhi & Qi, Liang & LaClair, Tim J., 2019. "Light-duty plug-in electric vehicles in China: An overview on the market and its comparisons to the United States," Renewable and Sustainable Energy Reviews, Elsevier, vol. 112(C), pages 747-761.
    12. Noel, Lance & Sovacool, Benjamin K., 2016. "Why Did Better Place Fail?: Range anxiety, interpretive flexibility, and electric vehicle promotion in Denmark and Israel," Energy Policy, Elsevier, vol. 94(C), pages 377-386.
    13. Liu, Liansheng & Kong, Fanxin & Liu, Xue & Peng, Yu & Wang, Qinglong, 2015. "A review on electric vehicles interacting with renewable energy in smart grid," Renewable and Sustainable Energy Reviews, Elsevier, vol. 51(C), pages 648-661.
    14. Bonges, Henry A. & Lusk, Anne C., 2016. "Addressing electric vehicle (EV) sales and range anxiety through parking layout, policy and regulation," Transportation Research Part A: Policy and Practice, Elsevier, vol. 83(C), pages 63-73.
    15. Kieran T. Bhatia & Gabriel A. Vecchi & Thomas R. Knutson & Hiroyuki Murakami & James Kossin & Keith W. Dixon & Carolyn E. Whitlock, 2019. "Author Correction: Recent increases in tropical cyclone intensification rates," Nature Communications, Nature, vol. 10(1), pages 1-1, December.
    16. Mwasilu, Francis & Justo, Jackson John & Kim, Eun-Kyung & Do, Ton Duc & Jung, Jin-Woo, 2014. "Electric vehicles and smart grid interaction: A review on vehicle to grid and renewable energy sources integration," Renewable and Sustainable Energy Reviews, Elsevier, vol. 34(C), pages 501-516.
    17. Emiliano Pipitone & Salvatore Caltabellotta & Leonardo Occhipinti, 2021. "A Life Cycle Environmental Impact Comparison between Traditional, Hybrid, and Electric Vehicles in the European Context," Sustainability, MDPI, vol. 13(19), pages 1-32, October.
    18. Kieran T. Bhatia & Gabriel A. Vecchi & Thomas R. Knutson & Hiroyuki Murakami & James Kossin & Keith W. Dixon & Carolyn E. Whitlock, 2019. "Author Correction: Recent increases in tropical cyclone intensification rates," Nature Communications, Nature, vol. 10(1), pages 1-1, December.
    19. Wee, Sherilyn & Coffman, Makena & Allen, Scott, 2020. "EV driver characteristics: Evidence from Hawaii," Transport Policy, Elsevier, vol. 87(C), pages 33-40.
    20. Horn, Michael & MacLeod, Jennifer & Liu, Meinan & Webb, Jeremy & Motta, Nunzio, 2019. "Supercapacitors: A new source of power for electric cars?," Economic Analysis and Policy, Elsevier, vol. 61(C), pages 93-103.
    21. Qiongjie Dai & Jicheng Liu & Qiushuang Wei, 2019. "Optimal Photovoltaic/Battery Energy Storage/Electric Vehicle Charging Station Design Based on Multi-Agent Particle Swarm Optimization Algorithm," Sustainability, MDPI, vol. 11(7), pages 1-21, April.
    22. Rennert, Kevin & Prest, Brian C. & Pizer, William & Newell, Richard G. & Anthoff, David & Kingdon, Cora & Rennels, Lisa & Cooke, Roger & Raftery, Adrian E. & Ševčíková, Hana & Errickson, Frank, 2021. "The Social Cost of Carbon: Advances in Long-Term Probabilistic Projections of Population, GDP, Emissions, and Discount Rates," RFF Working Paper Series 21-28, Resources for the Future.
    23. Andrea Temporelli & Maria Leonor Carvalho & Pierpaolo Girardi, 2020. "Life Cycle Assessment of Electric Vehicle Batteries: An Overview of Recent Literature," Energies, MDPI, vol. 13(11), pages 1-13, June.
    24. Fathabadi, Hassan, 2017. "Novel grid-connected solar/wind powered electric vehicle charging station with vehicle-to-grid technology," Energy, Elsevier, vol. 132(C), pages 1-11.
    25. J. H. Wesseling & E. M. M. I. Niesten & J. Faber & M. P. Hekkert, 2015. "Business Strategies of Incumbents in the Market for Electric Vehicles: Opportunities and Incentives for Sustainable Innovation," Business Strategy and the Environment, Wiley Blackwell, vol. 24(6), pages 518-531, September.
    26. Zhou, Kaile & Cheng, Lexin & Lu, Xinhui & Wen, Lulu, 2020. "Scheduling model of electric vehicles charging considering inconvenience and dynamic electricity prices," Applied Energy, Elsevier, vol. 276(C).
    27. ., 2019. "Smart grids," Chapters, in: Energy Innovation for the Twenty-First Century, chapter 12, pages 359-394, Edward Elgar Publishing.
    28. Koichiro Ito, 2014. "Do Consumers Respond to Marginal or Average Price? Evidence from Nonlinear Electricity Pricing," American Economic Review, American Economic Association, vol. 104(2), pages 537-563, February.
    29. Kapustin, Nikita O. & Grushevenko, Dmitry A., 2020. "Long-term electric vehicles outlook and their potential impact on electric grid," Energy Policy, Elsevier, vol. 137(C).
    30. Sergey Paltsev & Y.-H. Henry Chen & Valerie Karplus & Paul Kishimoto & John Reilly & Andreas Löschel & Kathrine Graevenitz & Simon Koesler, 2018. "Reducing CO2 from cars in the European Union," Transportation, Springer, vol. 45(2), pages 573-595, March.
    31. Kieran T. Bhatia & Gabriel A. Vecchi & Thomas R. Knutson & Hiroyuki Murakami & James Kossin & Keith W. Dixon & Carolyn E. Whitlock, 2019. "Recent increases in tropical cyclone intensification rates," Nature Communications, Nature, vol. 10(1), pages 1-9, December.
    32. Ron Adner & Rahul Kapoor, 2010. "Value creation in innovation ecosystems: how the structure of technological interdependence affects firm performance in new technology generations," Strategic Management Journal, Wiley Blackwell, vol. 31(3), pages 306-333, March.
    33. Björn Nykvist & Måns Nilsson, 2015. "Rapidly falling costs of battery packs for electric vehicles," Nature Climate Change, Nature, vol. 5(4), pages 329-332, April.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Yi Li & Youmin Tang & Shuai Wang & Ralf Toumi & Xiangzhou Song & Qiang Wang, 2023. "Recent increases in tropical cyclone rapid intensification events in global offshore regions," Nature Communications, Nature, vol. 14(1), pages 1-9, December.
    2. Riccardo Iacobucci & Benjamin McLellan & Tetsuo Tezuka, 2018. "The Synergies of Shared Autonomous Electric Vehicles with Renewable Energy in a Virtual Power Plant and Microgrid," Energies, MDPI, vol. 11(8), pages 1-20, August.
    3. Pavan Harika Raavi & Jung-Eun Chu & Axel Timmermann & Sun-Seon Lee & Kevin J. E. Walsh, 2023. "Moisture control of tropical cyclones in high-resolution simulations of paleoclimate and future climate," Nature Communications, Nature, vol. 14(1), pages 1-12, December.
    4. Zou, Wenke & Sun, Yongjun & Gao, Dian-ce & Zhang, Xu & Liu, Junyao, 2023. "A review on integration of surging plug-in electric vehicles charging in energy-flexible buildings: Impacts analysis, collaborative management technologies, and future perspective," Applied Energy, Elsevier, vol. 331(C).
    5. Han, Jin & Zhou, Haibo & Löwik, Sandor & de Weerd-Nederhof, Petra, 2022. "Building and sustaining emerging ecosystems through new focal ventures: Evidence from China's bike-sharing industry," Technological Forecasting and Social Change, Elsevier, vol. 174(C).
    6. Qian Ke & Jiangshan Yin & Jeremy D. Bricker & Nicholas Savage & Erasmo Buonomo & Qinghua Ye & Paul Visser & Guangtao Dong & Shuai Wang & Zhan Tian & Laixiang Sun & Ralf Toumi & Sebastiaan N. Jonkman, 2021. "An integrated framework of coastal flood modelling under the failures of sea dikes: a case study in Shanghai," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 109(1), pages 671-703, October.
    7. Raphaelle G. Coulombe & Akhil Rao, 2023. "Fires and Local Labor Markets," Papers 2308.02739, arXiv.org.
    8. Benitto Albert Rayan & Umashankar Subramaniam & S. Balamurugan, 2023. "Wireless Power Transfer in Electric Vehicles: A Review on Compensation Topologies, Coil Structures, and Safety Aspects," Energies, MDPI, vol. 16(7), pages 1-46, March.
    9. Xiaoli Sun & Zhengguo Li & Xiaolin Wang & Chengjiang Li, 2019. "Technology Development of Electric Vehicles: A Review," Energies, MDPI, vol. 13(1), pages 1-29, December.
    10. Ryan E. Truchelut & Philip J. Klotzbach & Erica M. Staehling & Kimberly M. Wood & Daniel J. Halperin & Carl J. Schreck & Eric S. Blake, 2022. "Earlier onset of North Atlantic hurricane season with warming oceans," Nature Communications, Nature, vol. 13(1), pages 1-8, December.
    11. Yang Yang & David J. W. Piper & Min Xu & Jianhua Gao & Jianjun Jia & Alexandre Normandeau & Dongdong Chu & Liang Zhou & Ya Ping Wang & Shu Gao, 2022. "Northwestern Pacific tropical cyclone activity enhanced by increased Asian dust emissions during the Little Ice Age," Nature Communications, Nature, vol. 13(1), pages 1-12, December.
    12. Yuchen Zhang & Jingjing Li & Tony W. Tong, 2022. "Platform governance matters: How platform gatekeeping affects knowledge sharing among complementors," Strategic Management Journal, Wiley Blackwell, vol. 43(3), pages 599-626, March.
    13. Kieran Bhatia & Alexander Baker & Wenchang Yang & Gabriel Vecchi & Thomas Knutson & Hiroyuki Murakami & James Kossin & Kevin Hodges & Keith Dixon & Benjamin Bronselaer & Carolyn Whitlock, 2022. "A potential explanation for the global increase in tropical cyclone rapid intensification," Nature Communications, Nature, vol. 13(1), pages 1-11, December.
    14. Jian Shi & Xiangbo Feng & Ralf Toumi & Chi Zhang & Kevin I. Hodges & Aifeng Tao & Wei Zhang & Jinhai Zheng, 2024. "Global increase in tropical cyclone ocean surface waves," Nature Communications, Nature, vol. 15(1), pages 1-13, December.
    15. Rachana Vidhi & Prasanna Shrivastava & Abhishek Parikh, 2021. "Social and Technological Impact of Businesses Surrounding Electric Vehicles," Clean Technol., MDPI, vol. 3(1), pages 1-17, February.
    16. Østergaard, P.A. & Lund, H. & Thellufsen, J.Z. & Sorknæs, P. & Mathiesen, B.V., 2022. "Review and validation of EnergyPLAN," Renewable and Sustainable Energy Reviews, Elsevier, vol. 168(C).
    17. Delin Zeng & Jingbo Hu & Taohua Ouyang, 2017. "Managing Innovation Paradox in the Sustainable Innovation Ecosystem: A Case Study of Ambidextrous Capability in a Focal Firm," Sustainability, MDPI, vol. 9(11), pages 1-15, November.
    18. Géremi Gilson Dranka & Paula Ferreira, 2020. "Electric Vehicles and Biofuels Synergies in the Brazilian Energy System," Energies, MDPI, vol. 13(17), pages 1-22, August.
    19. Laura Canale & Anna Rita Di Fazio & Mario Russo & Andrea Frattolillo & Marco Dell’Isola, 2021. "An Overview on Functional Integration of Hybrid Renewable Energy Systems in Multi-Energy Buildings," Energies, MDPI, vol. 14(4), pages 1-33, February.
    20. Liu, Chang & Liu, Yuan & Zhang, Dayong & Xie, Chunping, 2022. "The capital market responses to new energy vehicle (NEV) subsidies: An event study on China," Energy Economics, Elsevier, vol. 105(C).

    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

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:snbeco:v:3:y:2023:i:8:d:10.1007_s43546-023-00486-5. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.