Electric Vehicles’ Contribution to Sustainable Long-Term Investment for Public and Private Sectors: The Role of Value Co-Creation, Shafa Sujatmiko, Dr Rizal Halim, Sumiyarto, Nurliya Apriyana
Shafa Arinda Sujatmiko
University of Toronto
Toronto
Canada
ORCID: 0009-0006-0723-1620
Professor Rizal Edy Halim
Department of Management, Faculty of Economics and Business
Universitas Indonesia
Central Jakarta DKI Jakarta 10430
Indonesia
ORCID: 0000-0002-3927-4653
Sumiyarto
Universitas Indonesia
Central Jakarta DKI Jakarta 10430
Indonesia
ORCID: 0009-0007-3264-3018
Nurliya Apriyana
Universitas Paramadina
Indonesia
ORCID: 0009-0002-5559-4486
Paper Type: Research
Received: 27 November 2024 / Revised: 17 February 2025 / Accepted: 26 February 2025 / Published: 9 July 2025
DOI: 10.47556/J.WJEMSD.21.2.2025.3
Purpose: This study aims to explore the viability of major economic benefits from timely investment and development of electric vehicles (EVs) across public and private sectors. It also examines how value co-creation can be seen as a strategy to overcome high initial capital costs, and discusses implications for adoption, profitability, and sustainability.
Design/Methodology/Approach: This study adopts a systematic literature review (SLR) approach to synthesise information from 37 articles published between 2003 and 2024 across the fields of business management, public policy, and sustainable development. This analysis is supplemented by descriptive data established from institutional reports (IEA, WHO, etc.) with the statistical records of leading EV manufacturers.
Findings: First, the paper elucidates how EV-targeted initiatives can realise robust returns on investment (ROI) through revenue stream diversification, market valuation increases, and conducive policy incentives. Second, it highlights how much the public sector could save in healthcare from cutbacks in vehicle emissions, as well as budgetary advantages from climate-friendly policies. Third, it shows how models of value co-creation, for instance shared R&D labs, battery leasing, and government-industry partnerships, can help overcome the high upfront costs of EV production and acquisition. Taken together, these findings demonstrate a synergy that there is a tight linkage between environmental gains and the bottom line.
Originality: Related works have predominantly aimed to assess EV’s environmental value proposition; this paper examines financial and strategic constituents. An analysis of how co-creation as a phenomenon could subdue the financial barrier is also presented. The study presents a wide-reaching argument of how EV development has influenced the public and private sectors, offering new perspectives and approaches to sustainable business.
Keywords: Electric Vehicle (EVs); Value Co-Creation; Sustainable Investment; Public Sector Profitability; Collaborative Innovation, Capital Costs.
Citation: Sujatmiko, S. A., Halim, R. E., Sumiyarto and Apriyana, N. (2025): Electric Vehicles’ (EVs) Contribution to Sustainable Long-Term Investment for Public and Private Sectors: The Role of Value Co-Creation. World Journal of Entrepreneurship, Management and Sustainable Development, Vol. 21, No. 2, pp. 133-148.
