A new integrated approach for evaluating sustainable development in the electric vehicle sector
This study develops an innovative value creation process for the electric vehicle (EV) industry. First, this study conducts data envelopment analysis to measure the innovation, operation, and market efficiency performance of the EV industry. Second, this study conducts bootstrapped truncated regress...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English English |
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Elsevier Ltd
2025
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| Subjects: | |
| Online Access: | http://umpir.ump.edu.my/id/eprint/43674/ http://umpir.ump.edu.my/id/eprint/43674/1/A%20new%20integrated%20approach%20for%20evaluating%20sustainable%20development.pdf http://umpir.ump.edu.my/id/eprint/43674/2/A%20new%20integrated%20approach%20for%20evaluating%20sustainable%20development%20in%20the%20electric%20vehicle%20sector_abs.pdf |
| _version_ | 1848826932578222080 |
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| author | Lu, Wen Min Chou, Chienheng Ting, Irene Wei Kiong Liu, Shangming |
| author_facet | Lu, Wen Min Chou, Chienheng Ting, Irene Wei Kiong Liu, Shangming |
| author_sort | Lu, Wen Min |
| building | UMP Institutional Repository |
| collection | Online Access |
| description | This study develops an innovative value creation process for the electric vehicle (EV) industry. First, this study conducts data envelopment analysis to measure the innovation, operation, and market efficiency performance of the EV industry. Second, this study conducts bootstrapped truncated regression to explore the impact of environmental, social, and governance (ESG) factors on the performance of the EV industry. Third, this study uses the classification & regression tree (CART), random forest, and eXtreme gradient boosting (XGBoost) algorithms to assist managers in identifying the key predictive variables for further classification and prediction. Results reveal significant differences in innovation performance across five industry sectors, among which the charging pile system sector exhibits the highest average value, and the battery system sector exhibits the lowest average value. The truncated regression analysis shows that innovation performance in Taiwan's EV industry is significantly influenced by energy management, data security, employee information statistics, and control over equity and board seats. Corporate governance transparency positively impacts operational performance, while energy and water management enhance market performance, with product quality and safety having a negative effect on market performance. This study identifies the relative importance of the classification attribute variables based on the classification rules of the target attributes by conducting further analysis with the CART decision model and constructs an optimal prediction model. |
| first_indexed | 2025-11-15T03:52:41Z |
| format | Article |
| id | ump-43674 |
| institution | Universiti Malaysia Pahang |
| institution_category | Local University |
| language | English English |
| last_indexed | 2025-11-15T03:52:41Z |
| publishDate | 2025 |
| publisher | Elsevier Ltd |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | ump-436742025-02-12T07:36:07Z http://umpir.ump.edu.my/id/eprint/43674/ A new integrated approach for evaluating sustainable development in the electric vehicle sector Lu, Wen Min Chou, Chienheng Ting, Irene Wei Kiong Liu, Shangming HD28 Management. Industrial Management T Technology (General) This study develops an innovative value creation process for the electric vehicle (EV) industry. First, this study conducts data envelopment analysis to measure the innovation, operation, and market efficiency performance of the EV industry. Second, this study conducts bootstrapped truncated regression to explore the impact of environmental, social, and governance (ESG) factors on the performance of the EV industry. Third, this study uses the classification & regression tree (CART), random forest, and eXtreme gradient boosting (XGBoost) algorithms to assist managers in identifying the key predictive variables for further classification and prediction. Results reveal significant differences in innovation performance across five industry sectors, among which the charging pile system sector exhibits the highest average value, and the battery system sector exhibits the lowest average value. The truncated regression analysis shows that innovation performance in Taiwan's EV industry is significantly influenced by energy management, data security, employee information statistics, and control over equity and board seats. Corporate governance transparency positively impacts operational performance, while energy and water management enhance market performance, with product quality and safety having a negative effect on market performance. This study identifies the relative importance of the classification attribute variables based on the classification rules of the target attributes by conducting further analysis with the CART decision model and constructs an optimal prediction model. Elsevier Ltd 2025 Article PeerReviewed pdf en http://umpir.ump.edu.my/id/eprint/43674/1/A%20new%20integrated%20approach%20for%20evaluating%20sustainable%20development.pdf pdf en http://umpir.ump.edu.my/id/eprint/43674/2/A%20new%20integrated%20approach%20for%20evaluating%20sustainable%20development%20in%20the%20electric%20vehicle%20sector_abs.pdf Lu, Wen Min and Chou, Chienheng and Ting, Irene Wei Kiong and Liu, Shangming (2025) A new integrated approach for evaluating sustainable development in the electric vehicle sector. Omega (United Kingdom), 133 (103247). pp. 1-15. ISSN 0305-0483. (Published) https://doi.org/10.1016/j.omega.2024.103247 https://doi.org/10.1016/j.omega.2024.103247 |
| spellingShingle | HD28 Management. Industrial Management T Technology (General) Lu, Wen Min Chou, Chienheng Ting, Irene Wei Kiong Liu, Shangming A new integrated approach for evaluating sustainable development in the electric vehicle sector |
| title | A new integrated approach for evaluating sustainable development in the electric vehicle sector |
| title_full | A new integrated approach for evaluating sustainable development in the electric vehicle sector |
| title_fullStr | A new integrated approach for evaluating sustainable development in the electric vehicle sector |
| title_full_unstemmed | A new integrated approach for evaluating sustainable development in the electric vehicle sector |
| title_short | A new integrated approach for evaluating sustainable development in the electric vehicle sector |
| title_sort | new integrated approach for evaluating sustainable development in the electric vehicle sector |
| topic | HD28 Management. Industrial Management T Technology (General) |
| url | http://umpir.ump.edu.my/id/eprint/43674/ http://umpir.ump.edu.my/id/eprint/43674/ http://umpir.ump.edu.my/id/eprint/43674/ http://umpir.ump.edu.my/id/eprint/43674/1/A%20new%20integrated%20approach%20for%20evaluating%20sustainable%20development.pdf http://umpir.ump.edu.my/id/eprint/43674/2/A%20new%20integrated%20approach%20for%20evaluating%20sustainable%20development%20in%20the%20electric%20vehicle%20sector_abs.pdf |