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The development of sustainable electric vehicle business ecosystems

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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.

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Fig. 1

Source: Based on IEA data from the IEA (2021a, b) Renewables, https://www.iea.org/reports/global-energy-review-2021/renewables. All rights reserved (IEA 2022)

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Data availability statement

Data(s) sourced from public resources and created available with the manuscript.

Abbreviations

BESS:

Battery energy storage system

BEV:

Battery electric vehicles

Cl2 :

Chlorine

CLT:

Cross-laminated timber

Co:

Cobalt

CO2 :

Carbon dioxide

CPT:

Capacitive power transfer

EU:

European Union

EV:

Electric vehicle

EVCS:

Electric vehicle charging stations

EVSE:

Electric vehicle supply equipment

Fe:

Iron

GHG:

Greenhouse gas

G20:

Intergovernmental forum comprised of 19 countries and the EU

H2SO4 :

Sulfuric acid

HCl:

Hydrochloric acid

HEV:

Hybrid electric vehicle

HNO3 :

Nitric acid

ICEV:

Internal combustion vehicle

IPT:

Inductive power transfer

LCO:

Lithium cobalt oxide

LFP:

Lithium iron phosphate

LIB:

Lithium-ion battery

LIDAR:

Light detection and ranging

LiNi1/3Co1/3Mn1/3O2 :

Lithium nickel cobalt manganese oxide

LMO:

Lithium manganese oxide

MaaS:

Mobility as a service

MCS:

Mobile charging strategy

Mn:

Manganese

NEV:

New energy vehicle

Ni:

Nickel

NMC:

Lithium nickel manganese cobalt oxide

NOx :

Nitrous oxides

OEM:

Original equipment manufacturer

PBES:

Photovoltaic battery energy storage

PEV:

Pure electric vehicle

PHEV:

Plugin hybrid electric vehicle

PM:

Particulate matter

PV:

Photovoltaic

RES:

Renewable energy sources

SCC:

Social cost of carbon

SIB:

Sodium-ion battery

SO3 :

Sulfur trioxide

TEPCO:

Tokyo Electric Power Company

V2G:

Vehicle to grid

V2H:

Vehicle to home

WCS:

Wireless charging system

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Acknowledgements

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The manuscript was written through the contributions of all authors. All authors have given approval to the final version of the manuscript. All authors contributed equally.

Corresponding author

Correspondence to Rico Ruffino.

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The authors declare that they have no known competing financial interests or personal relationships that could have appeared to influence the work reported in this paper.

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Agbesi, P.K., Ruffino, R. & Hakovirta, M. The development of sustainable electric vehicle business ecosystems. SN Bus Econ 3, 143 (2023). https://doi.org/10.1007/s43546-023-00486-5

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