Exploring the Socio-Economic Impact of Electric Vehicle Innovation

This study examines the factors influencing electric vehicle (EV) innovation in Malacca, with a focus on the relationships between social impact, economic impact, and government policy. Using a quantitative research approach, data were collected through surveys and analyzed using multiple regression techniques. The findings reveal that social impact, driven by public awareness and inclusivity, has the most substantial positive influence on EV innovation. Economic impact, while significant, presents challenges due to high upfront costs and limited infrastructure. Government policy, including tax incentives, subsidies, and investments in infrastructure, also plays a crucial role in fostering EV adoption and technological advancements. The study emphasizes the importance of an integrated approach that involves policymakers, industry stakeholders, and society to address barriers and promote sustainable transportation solutions. This research contributes valuable insights into EV innovation, providing a foundation for future studies and practical recommendations for accelerating EV adoption in Malaysia.

Socio-economic, Electric vehicle innovation

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