scispace - formally typeset
Search or ask a question

With focusing on electric vehicles discuss the importance of competition advantages in strategic decisions? 

Incentive
Transformational leadership
Dynamics (music)
Stackelberg competition
Dynamic capabilities
Best insight from top research papers

The strategic decisions in the electric vehicle (EV) sector are significantly influenced by competitive advantages, which are crucial for firms to navigate through the complexities of market competition and technological advancements. The importance of en-route charging stations and the strategic placement influenced by competition underscores the necessity for firms to consider operational costs, consumer queues, and pricing strategies to maximize profit while ensuring consumer satisfaction. Similarly, the interaction between shared electric vehicles and public transportation systems highlights the importance of competitive and cooperative strategies to enhance customer travel utility, suggesting that firms must adapt to changing consumer preferences and the broader transportation ecosystem. The global competition in the EV market, particularly in production capabilities and technological advancements, necessitates strategic decisions at the mezzoeconomic level, where countries like Indonesia aim to build competitive advantages through investments in lithium-ion battery production to become regional EV battery chain hubs. Furthermore, the relationship between competition, technological niche width, and vertical integration in the U.S. hybrid electric vehicle market illustrates how firms can manage competition and achieve superior performance through strategic decisions regarding technological specialization and supply chain management. The dynamic capabilities framework applied to the Chinese EV sector and the competitive dynamics during transformational shifts in products emphasize the need for firms to develop and leverage unique capabilities to gain a competitive edge. Additionally, the pricing and technological improvement strategies in the EV market, influenced by government sustainability plans, highlight the role of strategic tax and subsidy optimization in achieving environmental and economic goals. The battery swapping mode (BSM) as a response to cost pressures and the differential competitive advantage it offers to enterprises within the EV supply chain further exemplifies the importance of strategic decisions in gaining market dominance and optimizing profits. The sourcing process in the electric sports car sector, with its focus on operational capabilities for strategic advantage, underscores the necessity for firms to adapt their sourcing and supplier management strategies in response to technological trends. The barriers to EV adoption, such as infrastructure policy and technological challenges, necessitate strategic decisions by firms and policymakers to overcome these obstacles and facilitate the transition to electric mobility. Lastly, the strategic placement of EV charging stations, considering user preferences and operational efficiency, demonstrates the importance of incorporating consumer behavior and competitive charging strategies into strategic planning. Collectively, these contexts illustrate the multifaceted nature of strategic decisions in the EV sector, where competitive advantages are pivotal in navigating market dynamics, technological evolution, and consumer expectations.

Answers from top 9 papers

More filters
Papers (9)Insight
Open access•Journal Article•DOI
Fuzzy Analytical Hierarchy Process for Strategic Decision Making in Electric Vehicle Adoption
Pasura Aungkulanon, W. Atthirawong, Pongchanun Luangpaiboon 
21 Apr 2023-Sustainability
Competition advantages in strategic decisions for electric vehicle adoption are crucial for overcoming barriers like infrastructure, technology, and market challenges, aiding in formulating effective market strategies.
Open access•Journal Article•DOI
Electric sports cars and their impact on the component sourcing process
Gary Graham, Laird Burns, Patrick Hennelly, Royston Francis Meriton 
27 Jun 2019-Business Process Management Journal
6 Citations
Electric sports cars emphasize sourcing for competitive advantage through operational capabilities like local supplier networks, design, management, and integration, crucial for strategic decision-making in the electric vehicle sector.
Open access•Journal Article•DOI
Long-Term Leases vs. One-Off Purchases: Game Analysis on Battery Swapping Mode Considering Cascade Utilization and Power Structure
Guohao Li, Tao Wang 
17 Dec 2022-Sustainability
Competition advantages in strategic decisions, like adopting battery swapping mode, can enhance profits for manufacturers in the electric vehicle supply chain, especially benefiting battery manufacturers over vehicle manufacturers.
Journal Article•DOI
A game theoretic approach for analyzing electric and gasoline-based vehicles’ competition in a supply chain under government sustainable strategies: A case study of South Korea
Morteza Rasti-Barzoki, Morteza Rasti-Barzoki, Ilkyeong Moon 
01 Aug 2021-Renewable & Sustainable Energy Reviews
13 Citations
Competition advantages in strategic decisions for electric vehicles include pricing, technological improvements, government sustainability goals alignment, tax and subsidy optimization strategies, and R&D cooperation for technological advancements.
Journal Article•DOI
New Industry Paradigms May Overwhelm Dynamic Capabilities: Different Competitive Dynamics Around Tesla and Chinese EV Start-Ups
Hong-Shiang Jiang, Feng Lu 
13 Dec 2022-Management and Organization Review
1 Citations
Competition advantages play a crucial role in strategic decisions within the electric vehicle sector, as highlighted in the discussion on Tesla and Chinese EV start-ups' competitive dynamics.
Open access•Journal Article•DOI
A Comprehensive Game-Theoretic Model for Electric Vehicle Charging Station Competition
01 Aug 2022-IEEE Transactions on Intelligent Transportation Systems
6 Citations
Competition in electric vehicle charging station investments drives strategic decisions on pricing, technology, and subsidies, enhancing efficiency and value for both investors and drivers.
Open access•Journal Article•DOI
Competition and coordination strategies of shared electric vehicles and public transportation considering customer travel utility
Zhi-yong Zhang, Xiao Zhang 
29 Jun 2021-Environmental Science and Pollution Research
3 Citations
Competition advantages in strategic decisions for electric vehicles are crucial for enhancing customer travel utility and promoting coordination with public transportation systems, as highlighted in the research.
Open access•Journal Article•DOI
Building a Competitive Advantage for Indonesia in the Development of the Regional EV Battery Chain
Tomasz Konewka, Joanna Bednarz, Tomasz Czuba 
04 Nov 2021-Energies
1 Citations
Building a competitive advantage in the EV battery chain is crucial for Indonesia's strategic decisions to excel in the electric vehicle industry and attract Foreign Direct Investment (FDI).
Journal Article•DOI
The Impact of Competition on Vertical Integration: The Role of Technological Niche Width
Faisal Khurshid, Woo-Yong Park, Felix T.S. Chan 
01 Mar 2020-Business Strategy and The Environment
12 Citations
Competition advantages in strategic decisions, influenced by technological niche width and vertical integration, enhance firm performance in the U.S. hybrid electric vehicle market, as per the study findings.

Related Questions

What is the current state of the electric vehicle market?4 answersThe current state of the electric vehicle market is experiencing significant growth and development. The market is projected to reach a revenue of US$457.60bn in 2023, with an annual growth rate of 17.02%. In Q2 2022, EV sales accounted for 5.6% of the total auto market, indicating an increasing market share. Factors such as clean energy, improved performance, and government incentives are driving the adoption of electric vehicles. However, there are still challenges to overcome, including issues with installation, short range, and battery handling. Efforts to address these challenges include increasing the availability of charging infrastructure and improving battery capacity and maintenance. Overall, the electric vehicle market is poised for further growth and success, with key factors such as battery quality, price competitiveness, charging infrastructure, government policies, and brand reputation playing crucial roles in driving consumer adoption.
Can electric vehicles be used as a strategy for reducing greenhouse gas emissions?5 answersElectric vehicles (EVs) can be used as a strategy for reducing greenhouse gas (GHG) emissions. The buildout and use of EV charging infrastructure have negligible cumulative GHG emissions compared to emissions from personal light-duty vehicle travel, including conventional combustion vehicle driving and EV recharging. Even with high carbon inputs prior to decarbonization, the emissions reduction achieved through electrification far outweighs the emissions embodied in EV charging system components. Increasing the utilization of EVs, which are eco-friendly vehicles, is crucial for reducing carbon emissions in the transportation sector. By using a photovoltaic (PV) system and energy storage devices, EV charging can be more efficiently achieved with renewable energy sources, leading to a reduction in carbon emissions in the transportation sector. However, the emissions from EVs are dependent on the electricity usage rate and the GHG emissions associated with electricity production. Countries with unclean electricity sources should reconsider their plans for EV production and use. Regional and local policies can be substituted with a comprehensive approach to effectively reduce CO2 emissions and mitigate global warming.
What are the competitors of Tesla?4 answersTesla's competitors in the auto industry include Ford, Volkswagen, Toyota, and Nio. These automakers are trying to replicate Tesla's success in producing all-electric vehicles. The competition has sparked an upheaval in the industry, similar to the impact of Henry Ford's Model T. In addition to the auto industry, Tesla is also facing competition in the humanoid robot industry, where it competes with other companies in the development of humanoid robots. In the Chinese electric vehicle market, Tesla is facing strong competition from its rivals. Therefore, Tesla's competitors can be identified as other automakers in the electric vehicle market, as well as companies in the humanoid robot industry and the Chinese electric vehicle market.
What are the economic benefits of electric vehicles?3 answersElectric vehicles (EVs) offer several economic benefits. Firstly, the adoption of EVs can improve the power grid's load factor and reduce the electricity supply cost. Controlled charging strategies can further smooth the load curve and decrease the power supply cost. Secondly, the integration of EVs with the existing electrical power system (EPS) can provide economic benefits to different players in the energy market, including generation companies, distribution system operators, EV aggregators, and end users. Additionally, the significant adoption of EVs can lead to job creation, provision of power for homes, and leveling of electricity demand profiles. Moreover, the economic benefits and challenges of EVs are generally similar across regions, and individuals who are economically most likely to adopt EVs can achieve substantial reductions in greenhouse gas emissions. Finally, while currently few consumers benefit financially from EVs without subsidies, improved technology can increase the number of consumers that benefit and the corresponding carbon emissions that could be abated without government subsidy.
Is electric vehicle benefit to environment?5 answersElectric vehicles (EVs) provide several environmental benefits, including reduced pollution from gas emissions and lower CO2 emissions compared to conventional vehicles. EVs also have the potential to reduce worldwide fossil fuel usage and dependence on limited oil reserves. The use of EVs can contribute to a cleaner and healthier environment by reducing air pollution, water pollution, and hazardous waste. Additionally, integrating EVs into the grid system can help manage the voltage, frequency, and reactive power of the power system. However, there are challenges associated with EV integration, such as the pressure on the distribution network and the demand for a considerable amount of power to recharge EV batteries. To address these challenges and further promote the use of EVs, renewable energy resources like solar photovoltaic systems can be considered for EV charging, leading to reduced polluted gas emissions. Overall, EVs offer significant environmental benefits and have the potential to contribute to a more sustainable transportation system.
Are Electric vehicles better than internal combustion vehicles for environment?4 answersElectric vehicles (EVs) are considered better for the environment compared to internal combustion engine vehicles (ICEVs) due to their lower or zero emissions of pollutants. EVs produce no atmospheric pollutants such as carbon dioxide, which is a major contributor to environmental pollution. The use of EVs can significantly reduce carbon dioxide emissions, especially in grids that rely on renewable and nuclear energy sources. Additionally, the adoption of EVs can lead to improved air quality, reduced climate change impacts, and decreased dependence on fossil fuels. Furthermore, EVs have advantages in terms of safety as they do not carry flammable and toxic fuels, minimizing the risks of fire and explosion. Overall, the deployment of EVs offers a range of environmental benefits and contributes to a cleaner and healthier transportation system.

See what other people are reading

Which countries worldwide have been designated as Emission Control Areas (ECAs)?
5 answers
Several countries and regions have established Emission Control Areas (ECAs) to regulate ship emissions. For instance, the U.S. implemented North American Emission Control Area (NA-ECA) and U.S. Caribbean Sea ECA (USCAR-ECA) to limit fuel sulfur emissions from marine vessels. The International Maritime Organization delineated ECAs to reduce ship emissions, necessitating the use of low-sulfur fuel in these areas. These ECAs aim to minimize environmental impacts by controlling sulfur emissions from ships, leading to the optimization of ship routes and speeds within these designated areas to reduce costs and emissions. The establishment of ECAs reflects a global effort to mitigate air pollution from maritime activities and promote sustainable shipping practices.What is wrong with the construction procurement process in the UK?
4 answers
The construction procurement process in the UK faces several challenges. Firstly, there is a lack of collaborative working within the industry, despite recommendations for more cooperative approaches. This adversarial environment leads to issues such as lack of trust, collaboration, and short-term relationships, contributing to process waste in construction projects. Additionally, the prevalence of competitive bidding based on price rather than collaboration hinders overall project efficiency. Furthermore, delayed and disrupted projects are common due to excessive sub-letting, poor integration of subcontractors, and contractual adversarial relationships. These issues highlight the need for a shift towards more collaborative procurement methods to enhance project outcomes and sustainability in the UK construction industry.How do gender stereotypes influence career choices in Ethiopia?
4 answers
Gender stereotypes significantly impact career choices in Ethiopia. Studies reveal that societal gender-based occupational labeling influences girls' professional choices in educational institutions like Bahir Dar Polytechnic College. Furthermore, research at Wolaita Sodo University indicates that gender stereotypes affect women's advancement in leadership positions, with women managers facing challenges in assuming leadership roles due to poor self-image and reluctance to take on additional responsibilities. Additionally, parental influence plays a crucial role in career decision-making among college students in Ethiopia, with fathers having a more significant impact on career choices than mothers. These findings underscore the pervasive influence of gender stereotypes on career paths in Ethiopia, highlighting the need to address and overcome such biases to promote gender equality in professional spheres.What is required in an effective pay stratergy?
4 answers
An effective pay strategy necessitates a balanced approach between fixed and variable pay components, aligning with evolving sales situations and organizational goals. High technology firms benefit from emphasizing individual over job analysis, risk-sharing, external market focus, decentralized decision-making, aggregate incentives, and long-term orientation in their compensation strategies. To be successful in the 21st century, companies must integrate various elements like people, processes, innovations, finance, and social responsibility into a dynamic performance framework that prioritizes customers and innovations for competitiveness, while adapting to changes and disturbances effectively. Pay systems of the future should focus on paying for the person, rewarding performance, and customizing pay structures to cater to diverse workforces, ensuring value addition and alignment with organizational objectives.How does student leadership impact academic performance in the Philippines?
5 answers
Student leadership in the Philippines has been found to have a significant impact on academic performance. Leadership training positively influences academic engagement, learning attitudes, and study habits among college students. Additionally, the effectiveness of student government operations plays a role in making students aware of their political rights and can benefit their academic welfare. Furthermore, the leadership styles of academic administrators and faculty members have been shown to affect university students' performance in academic examinations, such as the Board Licensure Examination for Certified Public Accountants (BLECPA). However, the study on principal leadership styles did not find a significant relationship between leadership styles and student academic achievement in elementary schools in the Philippines.Define term literacy?
4 answers
Literacy, traditionally defined as the ability to read and write, has evolved in the 21st century to encompass various skills beyond basic reading and writing. It now includes visual expressions, digital competencies, and the capacity to function effectively in society through acquired tools and skills. UNESCO defines literacy as the capability to comprehend, create, and communicate written materials in diverse contexts, emphasizing its role in personal development and societal advancement. The historical context of literacy reveals disparities in education, with regions like Agrı in Turkey experiencing challenges in achieving high literacy rates, influenced by factors like geography and socioeconomics. Conflicting opinions on literacy often surface in media discussions, highlighting concerns such as language use in electronic communication and perceived shortcomings in grammar education. Literacy, therefore, encompasses a broad spectrum of skills and knowledge crucial for personal growth and societal participation.What can be done to conserve water in south Africa?
5 answers
To conserve water in South Africa, various strategies can be implemented. Firstly, promoting behavioural change among low-income households through interventions based on the Theory of Reasoned Action can significantly impact water conservation efforts. Implementing resource-directed measures (RDMs) and source-directed controls (SDCs) can help balance water use and protection, although governance failures pose challenges to sustainable freshwater resource management. In irrigated agriculture, optimizing water distribution to farmers, efficient irrigation scheduling, and implementing suitable technologies are crucial for water conservation. Additionally, implementing Conservation Agriculture (CA) systems, such as controlling erosion, mulching, and crop rotation, can enhance soil and water conservation efforts in agriculture. By combining these approaches and addressing governance issues, South Africa can work towards sustainable water conservation.How can citizens become active prosumers in energy field?
4 answers
Citizens can become active prosumers in the energy field by engaging in decentralized renewable energy production. Motivations for such participation differ from traditional energy production, emphasizing individual and value-based aspects. To activate prosumers, appealing to identities through initiatives like peer-to-peer energy trading can be effective. For instance, using slogans like "your climate. your electricity" or "your region. your electricity" can encourage prosumers to participate in energy trading. Technological advancements, such as digitization and remote measurements, enable consumer activity in the energy market, fostering a move towards reducing environmental impact. These changes allow for the emergence of energy systems that are both human and environmentally friendly. Ultimately, by leveraging these approaches and technologies, citizens can actively contribute to the energy field as prosumers.Down payment importance as vehicle financing attributes
4 answers
The down payment plays a crucial role in vehicle financing attributes. Research shows that a lower down payment increases the probability of leasing a vehicle. In the context of sales volume, the amount of credit advances significantly influences the sales of motorcycles, indicating the importance of down payment policies. Furthermore, in the automobile market, the down payment variable has been found to have a negative effect on car sales, highlighting its significance in influencing purchasing decisions. Overall, the down payment is a key factor affecting consumer behavior in vehicle acquisition, influencing the probability of leasing, sales volume, and overall vehicle financing dynamics.How do organizing practices impact the efficiency and effectiveness of healthcare delivery?
4 answers
Organizing practices play a crucial role in shaping the efficiency and effectiveness of healthcare delivery. Nurses' organizing work is essential in coordinating and adjusting extended services, ensuring high-quality healthcare delivery. Efficient care involves appropriate utilization of resources like equipment, supplies, ideas, and energy, with inefficiency and waste needing elimination to maximize value and minimize costs. Healthcare organizations, under pressure to account for performance, are driven by market reforms and quality concerns to enhance transparency, although public quality reporting has not proven to enhance care quality effectively. Internal factors like leadership, communication skills, knowledge enhancement, and equipment quality are critical in raising the caliber and effectiveness of healthcare services, ultimately impacting patient outcomes. By focusing on organizing practices and eliminating inefficiencies, healthcare organizations can enhance their overall efficiency and effectiveness in service delivery.Are some banks more vulnerable to being used as places to launder money?
4 answers
Yes, certain banks are more susceptible to being utilized for money laundering due to various factors. Banks with poor anti-money laundering controls are often targeted by money launderers. The private banking sector, in particular, is at risk due to inherent vulnerabilities in its frameworks, making it a prime target for money laundering activities. Additionally, the presence of powerful CEOs can accentuate the impact of money laundering on bank risk, while large and independent executive boards only partially mitigate this risk. The constant evolution of financial products and illicit activities necessitates a vigilant approach in monitoring and combating money laundering within the banking sector. Implementing advanced technologies and effective anti-money laundering measures are crucial for banks to prevent being used as conduits for illegal activities.