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Implementing circular business models for the second‐life battery of electric vehicles: Challenges and enablers from an ecosystem perspective

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  • Reza Toorajipour
  • Koteshwar Chirumalla
  • Glenn Johansson
  • Erik Dahlquist
  • Fredrik Wallin

Abstract

This study adopts an ecosystem perspective to provide a detailed understanding of key challenges and enablers for implementing circular business models for electric vehicle battery second life. Although academia and practitioners believe electric vehicle (EV) batteries' second life is a potential solution, the commercial implementations are still far away. A crucial step toward such implementations is to identify the key challenges and enablers of circular business models. The criticality of this step is even more evident when approaching second life business models from an ecosystem perspective, where multiple stakeholders are involved in the creation, capture, and delivery of value. This research conducts an explorative study with 15 companies in the EV battery ecosystem and identifies nine categories of key challenges and seven categories of key enablers. Based on priority dimensions (short/long term) and the responsible entity (firm/ecosystem related), the study proposes a guiding framework to address challenges and enablers. The study contributes to the circular business model innovation and ecosystems literature related to the EV battery second life.

Suggested Citation

  • Reza Toorajipour & Koteshwar Chirumalla & Glenn Johansson & Erik Dahlquist & Fredrik Wallin, 2024. "Implementing circular business models for the second‐life battery of electric vehicles: Challenges and enablers from an ecosystem perspective," Business Strategy and the Environment, Wiley Blackwell, vol. 33(8), pages 8637-8655, December.
    • Handle: RePEc:bla:bstrat:v:33:y:2024:i:8:p:8637-8655
    DOI: 10.1002/bse.3941
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    References listed on IDEAS

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