Abstract
Innovation ecosystems evolve and adapt to crises, but what are the factors that stimulate ecosystem growth in spite of dire circumstances? We study the arduous path forward of the electric vehicle (EV) ecosystem and analyse in depth those factors that influence ecosystem growth in general and during the pandemic in particular. For the EV ecosystem, growth implies outcompeting the less sustainable internal combustion engine (ICE) vehicles, thus achieving a transition towards sustainable transportation. New mobility patterns provide a strategic opportunity for such a shift to green mobility and for EV ecosystem growth. For innovation ecosystems in general, we suggest that a crisis can serve as an opportunity for new innovations to break through by disrupting prior behavioural patterns. For the EV ecosystem in particular, it remains to be seen if the ecosystem will be able to capitalize on the opportunity provided by the unfortunate disruption generated by the pandemic.
Highlights
The green economy can become an engine for economic recovery after COVID-19 [1], and the electric vehicle (EV) ecosystem is one of the central pillars in the quest for reducing our reliance on fossil fuels
Innovation ecosystems evolve and adapt to crises, but what are the factors that stimulate ecosystem growth in spite of dire circumstances? We study the arduous path forward of the electric vehicle (EV) ecosystem and analyse in depth those factors that influence ecosystem growth in general and during the pandemic in particular
Even though the EV has many advantages compared to internal combustion engine (ICE) vehicles, e.g., sustainability, simplicity, reliability, compact dimensions, and fewer moving parts of electric motors requiring less maintenance, whether or not EVs are superior to ICE vehicles throughout their entire life cycle is still subject to debate [31]
Summary
The green economy can become an engine for economic recovery after COVID-19 [1], and the electric vehicle (EV) ecosystem is one of the central pillars in the quest for reducing our reliance on fossil fuels. Only nine countries had more than 100,000 electric cars on the road, and only about 20 countries reached market shares above 1% [2]. S-curve [3,4] and they are still in the stage of slow start with oversupply [5]. It is not clear when the EV market will enter in the life-cycle stage, with a fast growth and supply sometimes unable to keep up with demand, since the automotive industry is a sector that has never had to deal with truly disruptive changes regarding its products, processes, or value network structure [6]
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