Innovation and Opportunities in Sustainable Entrepreneurship Ventures Within the Electric Vehicle Ecosystem
摘要
The electric vehicle industry has emerged from a niche product to a global mainstream industry that lies at the core of greener transport solutions. In growth, the sector provides ample opportunities for sustainable entrepreneurship. This paper discusses some of the innovations in the Electric Vehicle (EV) ecosystem by highlighting some key entrepreneurial opportunities, such as parking space conversion in shopping malls for facilitating EV charging, setting up battery-swapping stations, and developing infrastructure for rapid Vehicle-to-Grid technologies. These ideas respond not only to the increasing demand for green mobility but also to take advantage of favourable technological developments and regulatory support. Various barriers exist in the EV market, including high upfront costs, regulatory obstacles and scalable infrastructure. Entrepreneurs are ideally placed to develop new business models to address these challenges. Strategies to leverage market gaps and technological innovations are presented to develop viable and sustainable ventures. This study provides insights into how sustainable entrepreneurship in the EV ecosystem could accelerate market growth, innovation, and economic and environmental enrichment.